About the Company
About the Company
The Iraqi Company for Financing Small and Medium Enterprises Limited was established under the Ministry of Commerce / Companies Registration Department according to the certificate of incorporation No. (M Sh/2 - 72015) dated May 18, 2009.
The company is subject to the supervision and control of the Central Bank of Iraq according to license No. (9/3/3359) for the year 2011. We are proud to serve the commercial, agricultural, industrial, health, and service sectors.
Our Vision
To advance the economic reality of the private sector and improve the lives of individuals by financing their projects, developing capabilities, and investing them in effective projects that raise the standard of living of families and increase the gross national product.
Our Goals
Achieving sustainable development and diversifying economic activity by reducing the level of poverty and unemployment through financial support and financing of small and medium enterprises through the direct lending policy that benefits the individual and society.
Our Interactive History
Company Development Stages
Foundation Launch
The company was established under the certificate of incorporation No. (M Sh 72012/2) issued by the Companies Registration Department at the Ministry of Commerce dated May 18, 2009.
Central Bank of Iraq License
The company is the first company in Iraq licensed by the Central Bank of Iraq, and operates under its direct supervision and control according to license No. (9/3/3359).
Total Financing Volume
The loan portfolio reached $90,012,466 million US dollars at the end of 2021, providing support to 5,932 successful projects across all sectors.
Direct Lending Phase
It was decided that the company would play the primary role in the direct lending process according to the amendment of Instruction No. 3 issued by the Central Bank of Iraq, to enhance the micro-economy.
Expansion in Babylon and Karbala
The geographical expansion phase began with the opening of our new branches to serve the people of Babylon and Karbala governorates, ensuring that our financial services reach the largest possible segment.
Haitham Al-Qaisi
CEOCEO
"At the Iraqi Company for Financing Small and Medium Enterprises, we do not view financing merely as numbers and credit operations. Instead, we see it as a vital artery pumping life into the national economy and reshaping the future of aspiring entrepreneurs.
We firmly believe that every small business is the seed of a major institution capable of driving change. Therefore, we have set a noble mission for ourselves that transcends financial support; we are building bridges of trust and extending a hand to our partners to bring their ambitions from the realm of hope into reality. We guide them toward stability and growth, so that they may ultimately become the solid pillars of our national economy.
Because the true wealth of any institution lies in the minds of its people, we invest in human capital before assets. We continuously hone our team’s skills with the latest global standards in credit analysis and risk management, ensuring that we provide financial consultations and services defined by the precision and professionalism our clients deserve."
