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Abdulkaream is a 39-year-old, married man and a father of five children who lives in Taiz,Yemen. He is a very hard-working and kind person. He has been involved in buying and selling food products over fourteen years.

He started his business with selling jewels of his wife then he was able to open up a grocery store. He has regular customers because he brings in fresh products. He employed a worker who helps him in his business.

He’s made the decision to invest in his business by buying merchandise wholesale so that he can have the store well-stocked with a variety of products that will help him to keep his clientele and to attract new customers. So, he is requesting a loan of 200,000 YER from AMB to refill his working capital and create additional shelves and displays for products.

In the future, Abdulkaream hopes his family will attain better living conditions as well as educating his children at private schools.

Additional Information

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
  • 219.2
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Abdulkaream to refill his working capital and create additional shelves and displays for products.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 5, 2012
Feb 7, 2012
Currency Exchange Loss:
Mar 15, 2013