BUSINESS LOANS TO OVERCOME THE COVID-19 CRISIS
The COVID-19 pandemic has placed economies under immense pressure and has hit SMEs especially hard. A sudden halt in trading due to strict lockdown measures has also left many small businesses in northern Iraq struggling to cover their expenses.
Northern Iraq Investments (NII) is offering short term loans to local small businesses in the Nineveh governorate to help them survive the effects of COVID-19, ultimately preserving jobs and livelihoods.
What do we offer?
$10,000 - $100,000
12 - 48 months
First year interest free
Criteria to apply:
“Small businesses in northern Iraq were already in great need of support even before COVID-19 arrived. Many entrepreneurs lost their businesses and were displaced when ISIS took control of the region. They are still trying to rebuild – most often from scratch,”
Raed Adnan, Investment Executive, GroFin Iraq
Beneficiaries of the COVID-19 SME Support Programme: