I’m happy to see microlending taking root in Iraq because I think business investment is one of the best ways to create stability in any region. Sadly, the number of sound investments available in any region correlates positively with the stability already in place. These microlenders are taking significant risks to help fund businesses in a place where hard-working people may not have a lot of options for financial success. Hopefully these small businesses are successful and repay their loans so business people in volatile regions can continue to attract new capital and build stability one good job at a time.
Thanks Kiva for making these microloans happen! Thanks to the lenders as well! I hope that microloans will someday be a major part of my personal investment portfolio.