AL-Handal International Group Initiative for Entrepreneurs in Iraq

By Fadhel Dhafir

On April 21st, 2020, Al-Handal International Group presented an initiative to support entrepreneurs around Iraq. This came after the spread of COVID-19 to Baghdad. Many companies, businesses and startups, etc. Even educational institutions had to shut down after the curfew was implemented through Iraq. The chairman of the Al-Handal International Group,

Mr. Wadee Al-Handal announced new loans for entrepreneurs on social media: “AL-Handal Group will continue to support Iraqi youth and to present the AL-Handal International Group Initiative for Entrepreneurs in Iraq.” This initiative involves allocating an amount of up to (5 million dollars) and without interest to support entrepreneurship in the following areas: commercial, technological, industrial, and craft. Additionally, the loan-term is up to a maximum of 5 years and the financing amount reaches a maximum of 50 thousand dollars.

Wadee Al-Handal also emphasized that his group is about to launch other initiatives to finance young entrepreneurs in the coming period to encourage the private sector.