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Hashem
Hashem is a youth client from Iraq. He is 24 years old and married. He lives with his parents and his brother. Hashem and his brother share the family’s monthly expenses together.

Hashem is a grocer. He owns a grocery store, where he sells all the basic needs of a house like dairy products, snacks, canned food, juices and detergents. He has been in this field since 2011 and has gained much experience. Hashem now has an employee and is well-known in the surrounding area with an excellent reputation.

Hashem is requesting a youth loan of 1,800 USD. The aim of this loan is to install some new blocks on the floor of his grocery store and to increase his inventory. Hashem is aiming to grow more in this field and someday open a bigger grocery store in order to sell more products and increase his profits so that he may be able to provide his family with better living standards.

Additional Information

More information about this loan

This loan is helping support a borrower who is under the age of 35. 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 CHF International Access to Credit Services Initiative

CHF International Access to Credit Services Initiative Iraq has played a significant role in the rehabilitation of the Iraqi economy. As the largest microfinance institution in Iraq, ACSI is well-positioned to provide quality financial services. When lending through CHF, please consider the following:

1. Due to social and political challenges in Iraq, personally identifiable attributes of this borrower may have been altered to protect their identity (i.e. blurring portions of the borrower's photo, anonymizing name and location, etc.). CHF appreciates Kiva lenders' understanding of these challenges and encourages lenders to continue their support for Iraqi borrowers.

2. To cater to more Iraqi borrowers, CHF offers loans that comply with Islamic law. A key principle of Islam is the prohibition of charging interest on a loan. In order to offer loans in a manner consistent with borrowers' values, CHF will charge 0% interest on this loan. However, the organization does charge a flat service fee to cover its costs. The loan amount you see listed on Kiva includes both the principal loan and this additional fee. As with all Kiva loans, you should expect to have your funds returned to you according to this loan’s repayment schedule. For more information on lending in the Muslim world, please click here.

3. Please note that CHF has not been visited by any members of Kiva's staff. Due to ongoing security concerns, due diligence was conducted remotely. ACSI does, however, meet all of the minimum criteria for partnership with Kiva.

4. While Kiva has been able to send and receive funds to and from Iraq in the past, there is a possibility that future loan repayments could be delayed for regulatory reasons, even if individual borrowers pay back their loans. When you make a loan through CHF, you assume this additional risk.

Tags

About Iraq

  • $7,100
    Average annual income
  • 0
    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 $1,800 helped Hashem to install some new blocks on the floor of his grocery store and to increase his inventory.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2013
Listed
Jan 2, 2014
Currency Exchange Loss:
N/A
Ended:
Jan 24, 2015