Total loan: $4,500
, , Iraq / Services
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A loan helped to buy a new sewing machine, fabric, and raw materials.
Shan's Group's story
Shan is 44 years old, married, and has three children. For the past five years she has been contributing to the family’s income by working from home, using her old sewing machine. Hoping for an improved future for her children, she is happy to work from home and is always looking for ways to provide new and better services to her customers. Shan is requesting a loan from Relief International Microfinance Iraq for $1,500, which she will use to buy a new sewing machine, fabric, and raw materials so that she can provide her customers with a wider selection and better quality product. Relief International Microfinance Iraq offers group loans for clients unable to provide a guarantor, thereby unable to apply for a loan as an individual. As a group, the members collectively guarantee the loan. Groups consist of three to five clients and each client is evaluated on his or her repayment capacity. All group members receive the same loan amount as the individual with the lowest repayment capacity in the group.