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Asia's Group
In this Group: Asia, Afrah, Fawzia
Asia, the leader of this group, is a 44-year-old widow and a mother of two boys, 14 and 16 years old. They are studying in secondary school.

After her husband's death, Asia became the sole provider for her family. She has experience in making clay Tandoor ovens. She started her business in her backyard. She brings the hard clay and makes Tandoors to sell to neighbors.

When Asia heard about Izdiharona's 'qard hassan' product for widowed women, she took a loan to renovate her home and to make a roof for her backyard, to protect her from the sun, heat, and rain.

Asia is aiming to grow her business and to increase her profits to provide a good life for her family.

The story of Asia and her business is just one of the many examples of Izdiharona for Economic Development's clients.

Additional Information

More information about this loan

Izdiharona offers products that are customized for its Muslim clients. This Alqard Alhasan product is an interest free loan, usually offered to students or the very poor, with a focus on female headed households in Iraq. For more information on Islamic microfinance, please click here.

About Izdiharona for Economic Development

Izdiharona 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.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

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 portion of Asia's Group's $1,500 loan helped a member to renovate her home.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Sep 22, 2013
Oct 17, 2013
Currency Exchange Loss:
Jun 17, 2014