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Suaad's Group
In this Group: Suaad, Dhamya, Afrah
Suaad is a member of this group from Iraq. Suaad, is a 44-year-old divorced woman, mother of five children. After the divorce she had a hard time to support her family. Suaad has a beauty salon providing hair styling, cuts and coloring, face massage, make-up and beauty care to support her family.

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

The story of Suaad and her business is just one of the many examples of clients of Izdiharona for Economic Developments clients.

They prefer 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.

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
Paying Back

This loan has been fully funded!

A portion of Suaad's Group's $2,400 loan helped a member to buy an air-conditioner and chair.
87% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 16, 2014
Listed
Jul 20, 2014
Currency Exchange Loss:
N/A