Shadan has eight years of experience with her home-based sewing business activity. To improve the quality of services to her customers as well as improve her work conditions, she would like to buy a new sewing machine, iron and fabric. Shadan has a very good reputation in her region with her special talent and the customer service she provides. She is aiming to develop her business and increase her profits so that she may continue assisting her husband with the additional income and provide a better life for her children.
The story of Shadan and her business is just one of the many examples of Izdiharona for Economic Development's clients who have been able to improve their business with a small business loan product, specifically designed to meet the needs of small businesses where a relatively small amount of capital can provide significant business improvement.
More information about this loan
This loan is designed for home-based businesses and income generation projects run by women in Iraq. Following years of conflict in the country, female-headed households constitute a highly vulnerable segment of the Iraqi population. Iraqi women continue to face widespread instances of gender based violence, including domestic violence, honor killings, and trafficking. Government programs intended to support women often suffer from corruption, outdated systems, and administrative obstacles. By supporting this loan, you are enabling a woman in Iraq to establish or grow her business.
About Izdiharona for Economic DevelopmentIzdiharona for Economic Development (Izdiharona) is a nonprofit organization in Iraq that provides financial assistance to small and medium enterprises in need of capital so they can develop their businesses and train their staff. Founded in 2008, it currently operates ten branch offices throughout Iraq in the provinces of Baghdad, Babil, Basra, Karbala, Messan, Sulaymaniyah and more. Kiva lenders’ funds are used to provide education, startup, green, and youth loans, as well as interest free loans to the ultra poor and loans that support income generating projects for women.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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