Support an Assyrian Local Barbershop in Duhok!
ASSYRIAN SMALL BUSINESS FUND
An ongoing project of the Assyrian Aid Society of America
and Assyrian Aid Society-IRAQ
The AASA Los Angeles Chapter is asking you to support small business in the Homeland.
Support an Assyrian Local Barbershop in Duhok!
This Project
Business: a barber shop in Duhok
Microloan size: $3,500
Meet Sinhareeb Nimrood Shlemoon
- 44 years old and the father of two
- Experienced barber in Duhok’s bazar
- Known for the quality of his service and for his many loyal customers
What you are funding: Sinhareeb Nimrood Shlemoon has applied for a $3,500 Microloan to:
- Renovate his shop
- Purchase new furniture and equipment
- Create a professional and welcoming space
- Hire additional employees
The Challenge
Despite his experience, Sinhareeb’s barbershop has outdated furniture and equipment.
Financial constraints have prevented him from upgrading, and he is beginning to lose clients.
The Impact
- Attract new clients
- Increase revenue
- Better support his family
Assyrian Small Business Fund Overview
Assyrian Small Business Fund objective is to empower Assyrian owned businesses by:
- Helping grow their businesses
- Improving family livelihoods
- Strengthening the local economy
- Supporting the Assyrian community to remain and build in our Homeland
How This Project Works
1. Assyrian entrepreneurs contact AAS-IRAQ to request funding for a project.
2. AAS-IRAQ ranks the projects using a scoring system (current financial situation, number of beneficiaries or how many people are benefiting from the income, etc)
3. 20% of the loan is a grant (gift for the business), 80% is a loan to be repaid over 27 months.
4. AAS-IRAQ conducts field visits to assess the business after it’s opened and collect the monthly loan.
5. Already funded businesses include beehives, sheep breeding, a fish pond, an interior design shop, a floral shop, an agricultural machine, and others.