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Muhamed is 27 years old, married, and has one child. He lives in Iraq. Muhamed owns a small shop where he sells mobile phones and their accessories. He established his business in 2012 and has gained good experience in this field. Muhamed has hired one employee now. He is becoming well-known in the surrounding area and has an excellent reputation, since he not only sells mobile phones but also provides maintenance services for his customers.

Muhamed is requesting a loan of $2,100 US. He will use this loan to purchase mobile devices and accessories and renovate his workplace. Muhamed aims to grow his business and increase his profits so that he may be able to provide a better life for his family.

The story of Muhamed and his business is just one of many examples of IED’s clients who have been able to improve their businesses with a small business loan product specifically designed to meet the needs of small businesses, where relatively small capital can provide significant business improvement.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

About Izdiharona for Economic Development

Izdiharona for Economic Development (Izdiharona) is a nonprofit organization in Iraq that provides financial assistance to small and medium enterprises in need of capital so they can develop their businesses and train their staff. Founded in 2008, it currently operates ten branch offices throughout Iraq in the provinces of Baghdad, Babil, Basra, Karbala, Messan, Sulaymaniyah and more. Kiva lenders’ funds are used to provide education, startup, green, and youth loans, as well as interest free loans to the ultra poor and loans that support income generating projects for women.

About Iraq

  • $7,100
    Average annual income
  • 0
    View loans »
    Iraq Loans Fundraising
  • $9,342,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD