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Malek is from Iraq. He is 49 years old, married, and has three children. Malek, along with his eldest child, provides the family’s monthly expenses while the other two children continue their studies. Malek owns a small shop where he sells plate glass, which is used for the installation of display windows. He not only sells these glass sheets, but also specializes in their installation. These glass sheets are highly demanded in the area.

Malek has been in this field since 2008 and now he has three hired employees. His business has grown rapidly, because he is famous for this work and he has a lot of experience. Malek is requesting a loan of 3,000 USD. He will use this loan to install a rolling shutter to protect his shop and will increase his inventory of glass plates. With help from this loan, Malek aims to improve his business and increase his profits, so that he will be able to provide better living conditions for his family.

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 $3,000 helped Malek to install a rolling shutter for his shop and to increase his inventory of glass plates.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 21, 2014
Jan 27, 2014
Currency Exchange Loss:
Feb 17, 2015