She has good sewing skills, so she decided to start her own business in 2011. She uses her sewing skills to generate additional income and participate in meeting the financial needs of herself and her sisters. She has two years of experience with her home-based sewing business. In order to improve the quality of the services to her customers, as well as to improve her working conditions, Shadan would like to buy a new sewing machine, an air conditioner, and fabric.
Shadan has a very good reputation in her neighborhood, with her special talent and the customer service she provides. She is aiming to develop her business and increase her profits, so that she may be able to open a big place for her business and continue assisting her sisters with the additional income.
The story of Shadan and her sewing business is just one of the many examples of Izdiharona’s clients, who have been able to improve their businesses with a small business loan product.
The group preferred to have their faces altered, for cultural reasons.
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 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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