Funded

Total loan: $3,600
Powered by 116 lenders

Fanik's Group

Iraq
Iraq / Sewing

A loan of $3,600 helped a member to buy a new sewing machine, fabric, and other raw materials.


Fanik's Group's story

Fanik is 22 years old, a young Iraqi wife and mother of one child. Like many woman in her city, she is working from her home, using her sewing skills to help support her family.

She has been using an old sewing machine for the past three years to make dresses for her woman customers and create other small household items based on special orders.

Fanik took a loan from Relief International Microfinance Iraq to be able to buy a new sewing machine, fabric, and other raw materials.

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.

In this group: Fanik , Rahma , Amina
*not pictured



Loan details

Loan length:

14 months
Disbursed date: February 13, 2012
Facilitated by Field Partner: Relief International Microfinance Iraq

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: February 13, 2012
Facilitated by Field Partner: Relief International Microfinance Iraq