A loan of $4,800 helped a member to purchase a refrigerator and freezer for his mini-market.

Karzan's Group's story

Karzan is a 21-year-old ambitious Iraqi man. He is married and is working hard to build the foundations for a new family. He has been working in a mini-market for the past three years, building it up nicely to meet the needs of his customers.

In the past, Karzan successfully applied, received and repaid a loan from Relief International - Microfinance Iraq, which he used to improve his store's appeal, renewing its walls and looks.
Now, Karzan took a new loan to further improve the store. He would like to purchase a refrigerator and freezer to be able to expand his selection of goods.

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: Karzan , Nasrin , Sazan

Loan details

Lenders and lending teams

Loan details