Ali is requesting a loan of 2,200 USD. He will use this loan to purchase organic fertilizers and a water pump. Ali expects that the loan will generate additional income that will enable him to replace the current open channel with drip irrigation system.
The story of Ali and his business is just one of the many examples from Izdiharona for Economic Development of clients who have been able to improve their business with a small business loan product, specifically designed to meet the needs of small business where a relatively small capital can provide significant business improvement.
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This loan is part of Izdiharona's green loan program, which helps clients to gain access to environmentally friendly products that reduce pollution in Iraq.
About Izdiharona for Economic DevelopmentIzdiharona 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.
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