This entrepreneur has a grocery store. He’s 26 years old and single, and he passed the primary level of school.
The purpose of this loan is to develop and enlarge his store and and to buy groceries, such as canned food and miscellaneous foods, to sell to his customers. He has been working for five years and has raised his income and the income of his parents, as well. This young guy has a lot of ambitions in his life. He can manage to achieve his goal through this profession. He has earned a fine reputation despite his young age. His shop is full of ready-to-eat food and all the neighbors are shopping at his store.
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.