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Haidar
Haidar owns a generator that he uses to provide electricity for his neighborhood to compensate for the shortage of electricity by the power company. He purchased the generator in 2008 and he has hired four employees. He grew fast in this field and gained good experience. The demand has increased due to the lack of supply and the summer heat. He took this loan to build a roof that will protect his generator and the power lines and to build a room for the guard.

Haidar is requesting a loan for 1,200 USD to build a roof and build a room for the guard. He is aiming to continue to grow in this field and buy a new generator in another place to serve more people and save them from the hot summer without national electricity in Iraq.

The story of Haidar and his business is just one of the many examples of Izdiharona for Economic Development clients who have been able to improve their business with a small business loan product, specifically designed to meet the needs of a small business where a relatively small amount of 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.

Tags

About Iraq

  • $3,600
    Average annual income
  • 3
    View loans »
    Iraq Loans Fundraising
  • $9,342,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Haidar to build a roof for the generator and build a room for the guard.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 7, 2013
Listed
Aug 23, 2013
Currency Exchange Loss:
N/A
Ended:
Sep 18, 2014