This entrepreneur is 26 years old and single. He is student in an evening high school. In addition to his studies, he has a blacksmith shop. He will use this loan to develop his shop, to purchase an iron welding machine, and to make some shelves to hold the iron bars.
He has good reputation in the market and he is a dependable guy. He has a strong desire and ambition to raise his income. He has been in this business for 5 years and he has a great deal of experience in his field.
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.