This borrower is 32 years old and married. He graduated from high school. He has an aluminum shop. He will use this loan to develop his shop and purchase aluminum bars and metal sheets. The borrower will use these materials to make doors, windows and tables. He has a good character in the market; he is a skilled man and has huge experience in his line of work. He has lots of customers due to offering good quality and inexpensive prices. The borrower has a great ambition to develop his business to earn a good income.
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.