She might get some finance from the credit builders or sub-prime lenders, at higher than average rates, but would need to wait for the issue of her completion certificate, whch can be up to 6 months after the last payment to her IVA (but more often a couple of months).
My opinions are merely that .. opinions based on experience. Always seek professional advice.
IVA Completed 23rd July 2013 .... C.C. 10th January 2014 http://foggy.blogs.iva.co.uk
I don't wish to sound too negative but lending friends a large sum of money has proved to others to be a recipe for disaster. Taking into account your friend hasn't got the greatest track record in managing current debt (been there done that) I would err on the side of caution. Even now, after being in an IVA myself and seeing just how hard it can be to find a little extra when needed, I would never lend to a friend or family. I love them too much to have a falling out over money, I can give them great advice and support, just not going to be money. Think about it before making a rash choice.
Last Payment made 04/12/14. Completion Certificate 25/7/15. IVA company GT. No Issues