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Ahmed
Ahmed is 28 years old, is married, and has two children. He owns a small shop where he makes and sells food (a type of bread called kahi in Iraq and Kuba). He started his business in 2011 and has gained good experience in this field. The quality of his food has led to an increase in demand and sales, but he still doesn't have sufficient capital to buy better equipment and renovate his shop.

Ahmed will use this loan to purchase a meat mincer and renovate his workplace. Ahmed aims to increase his profit and make more food products.
The story of Ahmed and his food shop is just one of the many examples of Izdiharona for economic development clients.

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

  • $3,600
    Average annual income
  • 0
    View loans »
    Iraq Loans Fundraising
  • $9,309,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,500 helped Ahmed ahmed purchase a meat mincer and renovate his workplace.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2013
Listed
Sep 22, 2013
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014