Funded

Total loan: $5,400
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Fanik's Group

Iraq
Iraq / Sewing

A loan of $5,400 helped a member to buy a small generator and a new sewing machine for her home-based business.


Fanik's Group's story

Fanik is a young Iraqi woman. She is 23 years old, married and the mother of one child. With limited career options due to cultural restrictions and domestic constraints, Fanik is one of the many Iraqi woman who is working from home, using her sewing skills to generate some income and participate in meeting the financial needs of her family.

Fanik has two years of experience with her small home-based sewing and tailoring activity, making custom order dresses and household items made of fabric, such as curtains and drapes, sheets and towels. She would like to improve her work and take more orders. As the city has frequent and random power outages, Fanik finds it difficult to plan her work time. To be able to plan better and work more hours on the sewing machine, she would like to buy a small generator and a new sewing machine to work with, as well as a table and a chair to make her work area a little more comfortable. To be able to pay for these purchases, Fanik took a loan from Relief International - Microfinance Iraq.

Relief International - Microfinance Iraq offers "Group loans" for clients who are unable to provide a guarantor and who are therefore 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 , Nazanin , Shushe
*not pictured



Loan details

Loan length:

14 months
Disbursed date: October 17, 2012
Facilitated by Field Partner: Relief International Microfinance Iraq

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: October 17, 2012
Facilitated by Field Partner: Relief International Microfinance Iraq