Mobile Banking

ALBASHAER Microfinance will introduce Mobile Banking plan for dealing with clients. The plan will be put into action as of the next year 2011. This will enable our clients to deal with collection of loans and settlement of installments much more easily than before.  

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Expanding your Project


Do you want to expand your project? 

Are you looking for funding?

We are present in all the municipal councils of Baghdad and its suburbs, in order to make it easy for you to benefit from capital for small investors to strengthen and improve the living standards of their small businesses by giving them small and short-term loans with easy terms. We offer personal loans for small service, commercial and industrial project to support a loan applicant to get this support for his/her small enterprises and lending development service for small enterprises so as to  become accessible to everyone. We also encourage small enterprises for women

We have facilitated access to credit on concessional terms. So we have some legitimate reasons to ask applicants to be in compliance with some condition before they become eligible for a loan. 

  • Applicant's age range between 18 and 60 years in order to be obligated by the terms of the contract
  • Applicant must have the capacity for the management of the project
  • The applicant must be the owner of the project
  • The applicant should not have had any crime or offense
  • The project must be operational
  • The written guarantees must be from the Department of the sponsor
  • If the sponsor works in government service he must bring a letter supporting continued service and stating his monthly salary.
  • Half of the salary of the sponsor must cover the monthly installment of the loan  
  • The sponsor must not be a kin of the applicant


The main purpose of financing a small project is to support loan applicant, therefore, the loan must be used for the purpose intended for which is particularly financing the project. The fund must not be used for any other purpose. The amount of the loan is determined by the financial statements of the applicant which could determine a person's income. The amount of loan can also be determined by the capacity of guarantor. Loan ranges between 500 to 3000 U.S. dollars
Rate of the loan period is 12 months and the monthly installments loan repayment by the borrower is paid to the bank determined by the micro-finance organization.
What is Microfinance

Microfinance is the provision of a broad range of financial services such as

  • deposits
  • loans
  • payment services
  • money transfers
  • insurance to poor and low-income households and their microenterprises
    You may learn more by visiting this




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