This entrepreneur is 24 years old and married. He finished the intermediate school.
He owns a small shop where he sells various CDs. His shop is located on the outskirts of a town in northern Iraq. He started his business with only a little capital, but he dreams of enlarging his shop in the future if the circumstance are right.
Despite his youth, he has a good reputation in the market. Many customers gather around him due to his soft and respectful way with customers, his low prices, and because he has the latest CDs. He can raise his family income with this small shop.
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.