Stimulating Business Investment and Creating Employment in the Private Sector
Who are we?
Al-Thiqa Small Business Fund is an Iraqi financial service provider registered under Iraqi law, which operates in Northern Iraq and Baghdad. It was established to provide financial services mainly to small and medium size businesses and enterprises.
Our mission
Our mission is to promote economic and social development through stimulating business investment and create employment in the private sector by providing commercial finance.
What we do?
Al-Thiqa provides loans to micro, small and medium size enterprises both in urban and rural areas to finance their working capital and investment needs, as well as real estate investment loans to individuals.
What do we finance?
Trading activities (wholesaling and retailing)
Service providing enterprises
Primary agriculture production (e.g., crop production, horticulture, poultry, live stock and aquaculture)
Processing and manufacturing
Home improvement
Types of loan products
We provide…
Individual and Group loans
Loan Products currently offered:
SME Loans (Working capital, purchase of inventory, etc.)
Taxi Loans (Procurement and Maintenance)
Housing loans (Renovation and completion of realestate)
Agriculture Loans (Crop production, Animal husbandry and food processing)
Products to be introduced in the near future
Islamic Loan product
Size and term of loan products
Size and term of loans are mainly determined by the type and nature of business that the loan will be requested for
The minimum loan extended is US $ 500 and the maximum is US $ 25,000
Loan terms range between 12 to 18 months
New borrowers start with a loan amount up to US$ 5,000 and a maximum loan term of 12 months
The term for subsequent borrowers of SME and Housing loans can be extended up to 18 months
Loan repayments are to be in equal installments on monthly basis unless granted special consideration
Eligibility criteria to qualify for loans
The applicant must be at least 18 years of age
The applicant should be an Iraqi citizen and permanent resident of a designated area
The potential client should run a registered and legal business venture
The applicant should demonstrate proven capacity to repay the loan (ability and experience in managing business)
The applicant should be able and willing to provide a minimum of 20% of the total project cost as a matching fund
The ability to provide personal guarantee and / or physical collateral
The project or business should be less vulnerable to market instability and price fluctuations
Priority will be given to women-headed businesses
Charges and fees
The loan applicant pays an application fee upon submitting the loan application form
The borrower pays corresponding amount of service fee (Rasum) upon receipt of loan
How to contact us?
Visit our offices at the following addresses:
Al-Thiqa Small Business Loans
Kirkuk Branch & HQ
House 250/87 Part 39,
New Sector 90, Hai-al-Thubat, Al-Wajha-al-Khamisa,
Behind
Mansour Mosque, Kirkuk, Iraq
Phone: + 964 50 419963
Mobile: +964 770 1305483
Suliymanyah Branch
Hai - Ashti in front of Rangeen high school for girls
Hiwa Building
Phone: +964(0) 53 3125097
Cell Phone: +964 (0) 770 2186709
Dahuk Address
Hai Nawrouz , in front of Dewaly Agha Palace
Dahuk, Iraq
Office Phone: 062 762 7359
Mobile no.: 0750 423 0655
Baghdad Address
House 16 Part 68,
New Sector 904 , Hai-Al-Wahda , Near Al -wathiq
Square ,Baghdad ,Iraq
Phone: + 964 01 7171738
Mobile: + 964 7901 600032
Arbil Address
Building 24/63 Part 5
Ainkawa, Hadyab, Lane 46,District 414 ,Front Ainkawa
secondary school, Erbil, Iraq
Phone Office: +964(0) 66 2531290
Mobil Office: +964(0)7504777425
Kanaqeen Address
House 431/15 k Ramadan quarter,
in front of Kanaqeen preparatory school.
Diyala, Iraq.Phone :+964 532228160
