This borrower is a blacksmith. He’s 27 years old and still unmarried. He went to school and passed the intermediate-level exam.
He needs this loan to enlarge his shop, to hire more employees, and to raise his income, and to get as many clients as possible. He is known to a reputable person among his peers. He gained a lot of experience in his field.
He will use this loan to purchase materials, such as an iron welder, a generator and the other necessities of blacksmithing.
Please note this Field Partner is "atypical" among Kiva's partner base as they have not been visited by any members of Kiva's staff. Because of on-going security concerns, due diligence was conducted remotely. This partner does, however, meet all of the minimum criteria for partnership with Kiva. Also, please be aware that Iraqi regulations are currently unclear about whether microfinance institutions are legally allowed to obtain foreign funding. While Kiva has been able to send and receive funds to and from Iraq in the past, there is a possibility that future loan repayments could get stuck in the country for regulatory reasons, even if individual borrowers pay back their loans. As a lender to borrowers in Iraq, you would be taking on this additional risk. Kiva cannot guarantee the return of these funds, but it will do all within its power to resolve any issues that may arise.