This entreprener is 33 years old and married. He attended primary school and passed the primary school exam.
For more than three years, he has been operating a restaurant. The purpose of this loan is to develop his restaurant by purchasing rice, beans, okra, broad-bean-cabbages, and other food to attract more customers. He will also purchase huge pots, an oven and a grilling machine. He has a good reputation in the market because of the good quality of his food. He has many waiters to serve his customers.
It is significant and worth mentioning that this loan is a renewal of a loan that he used to expand his restaurant. He made all payments on the original loan in a timely manner and is a worthy and trusted customer. With his original loan, he had the capacity to improve his restaurant significantly and to decorate it in a nice and tidy style.
He prepares the most delicious and flavorful foods. His food has turned customers into permanent clients. The cleanness and delicious food are two significant advantages of his restaurant.
Please note this Field Partner is "atypical" among Kiva's partner base as they have not been visited by any members of Kiva's staff. Because of on-going security concerns, due diligence was conducted remotely. This partner does, however, meet all of the minimum criteria for partnership with Kiva. Also, please be aware that Iraqi regulations are currently unclear about whether microfinance institutions are legally allowed to obtain foreign funding. While Kiva has been able to send and receive funds to and from Iraq in the past, there is a possibility that future loan repayments could get stuck in the country for regulatory reasons, even if individual borrowers pay back their loans. As a lender to borrowers in Iraq, you would be taking on this additional risk. Kiva cannot guarantee the return of these funds, but it will do all within its power to resolve any issues that may arise.