Total loan: $6,000
, , Iraq / Services
Flag of Iraq
Hannah's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy an additional work-out machine for the women's fitness center.
Hannah is a camera-shy, truly ambitious businesswoman, and a unique lady in Iraq. She is 36 years old and for the past three years has been running a great fitness center for woman in a large city in North Iraq. She has a degree from a technical institute and found her passion and source of income in creating a fitness center for woman--a fantastic business idea in a city where most fitness centers and gyms are open to men only with limited times and services allocated to women clients. Her center is in a rented building, and she started it with an initial 20,000 dollar investment. The interior has recently undergone a nice renovation, and it is ready to reopen with freshly painted walls and a welcoming, pleasant atmosphere. Her current assets in the project are app. 27,000 dollars, and she has been able to hire three women as her employees to work in the center in various functions. To complete the refurbishment of the center Hannah would like to buy some additional equipment to better accommodate her customers' needs during busy hours in the gym. She plans to buy treadmills, elliptical machines, and stationary bikes. Based on her plans, she applied for a SME loan* from Relief International Microfinance Iraq. Hannah sees the investment providing her with a 7% increase in her income. Hannah is not only a great businesswoman, she is a wife and mother and a role model for many in her community. *Relief International Microfinance Iraq provides qualified clients with a loan product specifically tailored for Small and Medium Enterprises (or SMEs).