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Marwan
Marwan is a 27-year-old man who lives in Ibb, Yemen. He has a university degree but he could not get a job so he opened a grocery store. He started his business with limited capital and income. Because he is alone and has no one to support him, he did his best to improve and expand his business in order to build his future.
Due to the current bad situation which Yemen faces, Marwan's business is making less profit and his customers are decreasing. Therefore, he is planning to bring new goods to his grocery store in order to keep his customers and improve his income.
Marwan has requested a youth loan of 150,000 YER from Kiva partner AMB in order to purchase goods such as biscuits, cakes, soft drinks, rice and canned foods. He hopes that this will enable him to continue running his business successfully and make the business more profitable.
In the future, Marwan would like to get a job and get married.

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

  • $3,900
    Average annual income
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,225,150
    Funds lent in using Kiva
  • 219.1
    Yemen Rials (YER) = $1 USD