This entrepreneur is 24 years old. He is married and has one child. He graduated from primary school.
He sells electrical supplies. He will use the loan funds to purchase electric materials such as, wires, cables, and lamps. He has been working in this field for a long time and has acquired a great deal of experience and expertise. He has enough customers because of the good quality of his work. His income will rise because of this loan and could change his life because he has a strong desire to succeed and is serious about his job.
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.