The United States Agency for International Development (USAID) awarded USD 9.9 mm in grants to establish and/or to continue to develop sustainable Iraqi microfinance institutions. The USAID is a U.S. government organization that was created on September 4th 1961 to administer foreign economic assistance programs. These microfinance corporations throughout Iraq currently support lending to approximately 17,000 active clients with a total loan portfolio of approximately USD 19 mm.
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