When she heard about Izdiharona's qard hassan product for divorced women she took a loan to change her old sewing machine and buy iron to increase her profit.
She is aiming to grow her business and increase her profits. The story of Suren and her sewing business is just one of the many examples of Izdiharona for Economic Development clients.
More information about this loan
Izdiharona offers products that are customized for its Muslim clients. This Alqard Alhasan product is an interest free loan, usually offered to students or the very poor, with a focus on female headed households in Iraq. For more information on Islamic microfinance, please click here.
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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