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About Us

Who are we

The First Small and Medium Projects Financing is a registered financial institution operating as a private joint-stock company, licensed by the Central Bank of Iraq. We focus on providing financial services to targeted groups, small and medium-sized project owners, following the best global practices in the microfinance industry. Our goal is to promote financial inclusion and disseminate a culture of microfinance among members of the community.
Employing financial inclusion to provide optimal solutions for the company's clients towards sustainable improvement of living conditions.
Operating as a developmental institution, we strive to harness our resources and capabilities in a balanced manner to serve local communities in Iraq. This involves applying best practices in the field of finance and committing to continuous improvement. Our goal is to achieve a comprehensive financial inclusion model that caters to the current and potential beneficiaries of financial services for small and medium-sized enterprises. We aim to provide them with necessary financial and non-financial services to enhance their businesses and capitalize on available opportunities.
النزاهة – Integrity اعتماد المعاملة العادلة والنزيهة في العمليات والتعاملات مع الشركاء والعملاء و الموظفين من خلال اتباع افضل القيم والسلوكيات والمباديء المثلى ونتبنى مبدأ الثقة وتحمل المسؤولية في علاقتنا معمم الابتكار – Innovation نسعى دائماً لتطوير الخدمات المقدمة والحفاظ على اعلى مستويات الجودة وذلك لمزيد من الاسهام في تقديم حلول مالية موثوقة وميسرة لعملائنا من خلال تكنلوجيا المعلومات الاتصالات الشفافية – Transperecny نلتزم بقواعد الشفافية في ممارسة اعمالنا لضمان تعزيز الثقة المتبادلة مع مختلف الاطراف وخاصة العملاء التأثير - Impact نعمل لتقديم افضل الخدمات الممكنة لعملائنا ومجتمعنا من خلال المبادرات التنموية التي تترك اثراً ايجابياً صافيا على العملاء والمجتمع ونسعى لان نكون جزءاً من الجهود التنموية على المستوى البلد التمكين – Empowerment نولي اهمية قصوى لفئات النساء والشباب سواء على مستوى العملاء او رأس المال البشري ونضع مسؤولية تمكينهم وتعزيز قدراتهم في مقدمة اولوياتنا العمل الجماعي – Teamwork نؤمن بأن افضل الخدمات واعظم الانجازات تأتي نتيجة العمل الجماعي وبجهود فريق واحد مع الحرص على تنمية طاقات الابداع لدى موظفينا

Financial Services

Very Small Loans – Microcredit

Microcredit is aimed at micro-entrepreneurs, small project owners, and entrepreneurs across various sectors, including service, commerce, agriculture, and industry. It works to empower both youth and women.

Simple Personal Loans – Microfinance

Due to the increasing demand in this sector, microfinance services include loans for education, health, academic and professional development. These financial solutions also address environmental and energy concerns.

 
 
 

Non-Financial Services

  • Training and awareness services and business incubator centers

    The company will collaborate with several local and international partners to conduct numerous training sessions as part of its commitment to educating the local community on financial concepts, financial management techniques, and business practices. The aim is to enhance their ability to manage their financial and administrative projects and learn how to access new markets amidst existing competition. Additionally, the company will establish business incubation centers that will provide training, consulting, and developmental services for small and medium-sized projects.

     
     
     

  • Marketing Services

    he First Company for Small and Medium Projects Financing will engage its clients in various marketing activities across Iraq. These activities are designed to assist clients in accessing new markets to promote their products and services. The company will facilitate client engagement in the market, help them identify competitors' products, and market their own products. The First Company will also work on marketing its clients' products by creating an electronic platform that disseminates services and products of various projects funded by the company. Additionally, the company will connect clients with a network of merchants in different markets, aiding them in introducing and marketing their products. Moreover, the company will provide marketing services outside Iraq through collaborative workshops between project owners and authorities responsible for imports in other countries.

     
     
     

The goals of the company

  • 01

    Spread in all governorates of Iraq

  • 02

    80% of transactions electronically

  • 03

    80% of transactions electronically

  • 04

    Increase the number of subscribers annually

  • 05

    Establishment of R&D Centers

  • 06

    Large credit portfolio