Al-Thiqa Microfinance Institution
Rating (average)
(More feedback needed)
Organization's Name in Arabic
منظمة الثقة لتمويل المشاريع الصغيرة
Acronym
ALTHIQA
Type
Non-Governmental
Details

Our mission is to participate in rebuilding Iraq’s economy by providing transparent financial services to micro and small enterprises and low-income households in Iraq.

Al-Thiqa meaning Trust in Arabic is an independent not-for-profit Iraqi Non-governmental Organization (NGO) engaged in lending to micro, small and medium size enterprises and general population in northern and central Iraq.registered with the Iraq’s NGO Assistance Office, Al-Thiqa has been an independent organization from its very start. Today Al-Thiqa is the largest Iraqi NGO engaged in lending activities. Since its inception and through the end of Dec 2015 Al-Thiqa disbursed (109,500)loans totaling over ($346,749,400) million including (19,607) loans of women. As end of Dec 2015, Al-Thiqa is operationally self-sufficient and is financially sustainable.

We provide loans to businesses, farmers, homeowners and general population in urban and rural areas in Northern and Central Iraq. Al-Thiqa offers the following individual and group loans:

SME loan (for working capital, small investments, etc.) for established and new businesses
Taxi loan (parts and maintenance)
Agricultural loan (crop production, animal husbandry, and food processing)
Housing loan (renovation and improvements)
Islamic loan

Al-Thiqa, meaning Trust in Arabic, is an independent nonprofit Iraqi nongovernmental Organization (NGO) engaged in lending to micro and small enterprises and low-income households in northern and central Iraq. Founded in 2004 by ACDI/VOCA, a U.S. NGO and registered with Iraq’s NGO Assistance Office, Al-Thiqa has been an independent organization from its very start. Today Al-Thiqa is the largest Iraqi NGO engaged in lending activities.

Al-Thiqa’s mission is to participate in rebuilding Iraq’s economy by providing transparent financial services to micro and small enterprises and low-income households in Iraq.

Al-Thiqa offers individual and solidarity group loans, conventional and Islamic, for working capital and small investments in established and new businesses, loans to taxi operators for parts and maintenance, agricultural loans for crop production, animal husbandry and food processing and housing loans for home renovation and improvements.

Al-Thiqa is a member of the Iraq Microfinance Network and an affiliate member of Sanabel Microfinance Network of Arab Countries. Al-Thiqa received a 4-diamond certificate of transparency 2007 from the Microfinance Information Exchange for the disclosure of its financial performance in FY2007. In 2009 Al-Thiqa received a certificate of the Microfinance Institution of the Year from the USAID Provincial Economic Growth program in Iraq for achieving the highest international recognition for financial transparency and accountability during the period April 1, 2008 – March 2009.

City
Kirkuk
Country
Iraq
Website Address

Ratings

إبراهيم | April 6, 2021
Please login to leave a review.