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Sunday, May 6, 2007

Good News from Iraq: 6 May 2007

From MNF-I, Freedom Fact on banks . . .

Since 2003, eight banks in and around Baghdad have lent a combined $2.26 million to local businesses. These banks have encouraged the growth of local small business by transitioning from a conservative, collateral-based loan system to a more aggressive system based on the cash flow generated by businesses.