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Mithaq's Group
In this Group: Mithaq, Hamida, Bushra
Mithaq is a member of this group from Iraq. Mithaq is a forty-four-year-old widowed woman. She has two children. After her husband's death, she had a difficult time supporting her family. Mithaq has a beauty salon that provides hair styling, cuts and coloring, face massages, make-up and beauty care. The income from the salon is used to support her family.

When she heard about Izdiharona's qard hassan product (without interest) for widowed women, Mithaq took a loan to buy an air conditioner and chair. She is aiming to increase business and change her salon to a beauty center.

The story of Mithaq and her business is just one of the many examples of Izdiharona for economic development's clients.

The women in the photograph have chosen to blur their faces for cultural reasons.

Additional Information

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 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.

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.

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