This borrower is 38 years old, married, and has three children. He graduated from Industry School. He will use this loan to develop his shop repairing electronic automobile devices and players, and he will purchase some new DVD players used in cars. He will also do some decorating. The borrower is gaining lots of experience in repairing all categories of automobile devices. He has a high reputation in the market. Lots of clients come to him to repair their cars whenever they require it. The borrower has the capacity to raise the level of his family’s income. He has been working in this field for more than 20 years; he started his work as a hobby then it became a business.
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.