Noor is a 31-year-old single woman with the full support of her family, who are also very proud of her achievements and are watching her attentively to see what additional endeavors she will take on in the future.
Living in a conservative community with restrictions on women working late did not prevent her from delivering her humanitarian mission and adhering to her patients’ needs for afternoon and night dental appointments.
Noor is the managing partner of a dental clinic that was opened five years ago from her savings and some support from her father, and now she is ready to take another step in growing her business. Noor has qualified for a WLIFT loan in the amount of $10,000 to open a dental beauty center and buy dental equipment, such as a dental chair, OPG X-ray, amalgamator, etc.
Noor’s simplicity and lovely personality makes the visit to her dental clinic pleasant, especially to children. As she is aware of her strengths and she likes to work with children, Noor hopes to have a preventive dental care center for children and to launch special preventive programs for them.
As a participant in the WLIFT program, Noor participated in the modular business training offered by the program and will also participate in one-on-one coaching as well as be connected to a business mentor.
More information about this loan
This loan is part of the WLIFT program (Women Leveraging the Internet for Financial Transformation), a partnership between Kiva, microfinance institution Relief International, the Cherie Blair Foundation for Women and the U.S. State Department. The program combines customized technical assistance with loans for women-owned small and medium enterprises in Iraq to help them grow, increase their profitability, and create more stable jobs in their communities.
This loan is to a borrower who faces unique economic challenges due to the ongoing conflict in Iraq, as they live in an area that continues to be affected by the political and economic obstacles in the country.
About Relief International IraqRelief International (RI) is a non-profit non-sectarian organization with a multifaceted approach to working in post-conflict, vulnerable and transitional countries. As part of its core mission to bridge emergency relief with long-term development though sustainable, enterprise-oriented solutions, RI directs a broad microfinance portfolio in the Middle East and South Asia. In Iraq, RI microfinance has been providing access to capital for micro, small and medium enterprises since 2006. When lending through RI, there are several points to consider:
1. RI-Iraq offers loans that are customized for borrowers in Iraq, a predominantly Muslim country. A key principle of Islam is the prohibition of charging interest on a loan. This prohibition is based on the belief that money is only a medium of exchange and has no value in itself. In order to offer loans in a manner consistent with borrowers' values, RI-Iraq charges 0% interest on this loan. However, RI-Iraq does charge a servicing fee to cover its costs. The loan amount you see listed on Kiva includes both the principal loan and the loan servicing fees. 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.
2. Because of on-going security concerns, due diligence on RI-Iraq was conducted remotely, rather than in-person as is typical with most Kiva Field Partners. RI-Iraq does, however, meet all of the other minimum criteria required by Kiva's full due diligence.
3. One of the challenges of lending to entrepreneurs in Iraq is the increased chance of difficulty transferring funds between the United States, where Kiva is based, and Iraq. While Kiva has been able to send and receive funds to and from Iraq in the past, there is a chance that we may encounter problems doing so in the future. This could result in difficulty repaying loan funds to lenders, even if individual borrowers have paid back their loans. As a lender to borrowers in Iraq, you would be taking on this additional risk.
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