Rafidain Bank has started paying out the 60th round of funding under its Leadership and Excellence Initiative, a program designed to help small and medium-sized businesses grow.
In a statement, the bank said it has released about 1 billion Iraqi dinars in this new round of support, helping 90 entrepreneurs and business owners.
The bank explained that this funding is part of a wider effort backed by the Central Bank of Iraq to support young people and entrepreneurs who want to start or expand their businesses.
So far, the program has helped 5,831 people. The total amount of money given out through the initiative has reached 73.9 billion dinars.
Rafidain Bank says the goal is simple: support small projects, encourage entrepreneurship, and help strengthen Iraq’s economy by giving people the financial push they need to build their businesses.
