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Hassan is a 33-year-old married father of three children. He lives in Hadramout, Yemen. His educational background is only primary school. He has a grocery store where he sells food and daily home requirements. He started his business long ago and it is the only source of income for him and his family.

He introduced additional services in addition to grocery goods such as telecommunications and medical services for the people who have urgent needs because of living far away from town.

Recently, Hassan's business faces a financial challenge leading to a decrease in his profit. He has stopped providing people's requirements because of the current bad situations that Yemen has been facing.

Hassan is requesting a loan of 100,000 YER from AMB in order to purchase goods to continue supplying clients' requests.

In the future, Hassan is planning to expand his grocery to become a supermarket.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

About Al-Amal Microfinance Bank

Al-Amal reaches out to low-income micro-entrepreneurs and small business owners in Yemen with a suite of credit, savings, and insurance products tailored for Muslim borrowers. Before lending through Al-Amal, please consider the following:

1) Due to ongoing security concerns, full due-diligence of Al-Amal was conducted remotely rather than on-site. This makes Al-Amal atypical among Kiva's Field Partners, as Kiva staff have not conducted an on-site assessment. Al-Amal's assessment included in-person meetings with the top management in other, more secure locations in the Middle East.

2) Because Yemen is a new and unstable environment, there is a possibility that future loan repayments could be held indefinitely in the country for regulatory reasons, even if individual borrowers pay back their loans. As a lender to borrowers in Yemen, you accept this additional risk.

Additionally, all of Al-Amal's products are Sharia compliant and customized for its Muslim clients. Most of the loans are structured as Murabaha interest free loans. Al-Amal purchases goods for its borrowers and charges them a markup or fee. Al-Amal is also experimenting with Ijarah loans (an Islamic leasing product). For more information on Islamic microfinance, please click here.

About Yemen

  • $2,700
    Average annual income
  • 22
    View loans »
    Yemen Loans Fundraising
  • $3,193,525
    Funds lent in using Kiva
  • 218.5
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Hassan to purchase goods for his grocery.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 9, 2012
Jan 9, 2012
Currency Exchange Loss:
Dec 15, 2012