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Haydar, 36, is a married client from Iraq. He works hard to provide for his family’s needs, working in his grocery store. In his grocery store, Haydar offers to provide all the basic products a family may need, like dairy products, juices, canned foods, snacks, shampoos and detergents. He established his business in 2008. He had gained all the needed experience, by working at a similar grocery store for several years previously. Haydar has gained a good reputation in his neighborhood, thanks to the good quality and competitive prices of the goods he offers for sale.

Haydar is requesting a loan of $2,400. He will use this loan to renovate and expand his grocery store, from inside. Haydar believes that this loan will enable him to increase his sales of goods. Thus, the loan will result in the improvement of his business and his profits, and will give him the ability to provide his family with a better living standard.

Additional Information

About CHF International Access to Credit Services Initiative

CHF International Access to Credit Services Initiative Iraq has played a significant role in the rehabilitation of the Iraqi economy. As the largest microfinance institution in Iraq, ACSI is well-positioned to provide quality financial services. When lending through CHF, please consider the following:

1. Due to social and political challenges in Iraq, personally identifiable attributes of this borrower may have been altered to protect their identity (i.e. blurring portions of the borrower's photo, anonymizing name and location, etc.). CHF appreciates Kiva lenders' understanding of these challenges and encourages lenders to continue their support for Iraqi borrowers.

2. To cater to more Iraqi borrowers, CHF offers loans that comply with Islamic law. A key principle of Islam is the prohibition of charging interest on a loan. In order to offer loans in a manner consistent with borrowers' values, CHF will charge 0% interest on this loan. However, the organization does charge a flat service fee to cover its costs. The loan amount you see listed on Kiva includes both the principal loan and this additional fee. As with all Kiva loans, you should expect to have your funds returned to you according to this loan’s repayment schedule.

3. Please note that CHF has not been visited by any members of Kiva's staff. Due to ongoing security concerns, due diligence was conducted remotely. ACSI does, however, meet all of the minimum criteria for partnership with Kiva.

4. 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 be delayed for regulatory reasons, even if individual borrowers pay back their loans. When you make a loan through CHF, you assume this additional risk.

About Iraq

  • $7,100
    Average annual income
  • 0
    View loans »
    Iraq Loans Fundraising
  • $9,342,650
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $2,400 helped Haydar to renovate and expand his grocery store, from inside.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 30, 2013
Aug 19, 2013
Currency Exchange Loss:
Sep 17, 2014