Iraqi Vulnerable Group Support Initiative (IVGSI)

The Iraqi Vulnerable Group Support Initiative (IVGSI), launched in the 1st quarter of 2012 to finance income generating activities of entrepreneurs displaced or forced to discontinue operations due to civil unrest, achieves the following milestones at the end of June 2012:

  • IVGSI SME bank lending disburses $4,528,933 or 75% of the US$ 6,000,000 allocated from the original Grant Fund.
  • Total loan disbursements are made to 501 borrowers and including co-funding by partner banks exceeds $5.250 million.
  • IVGSI outreach through partner banks extends to six target provinces – Ninawa, Dahuk, Erbil, Sulaimaniyah, Salah ad Din and Baghdad.
  • 27% of IVGSI loan borrowers are female.