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Khalid is a 33-year-old married man and a father of four children who lives in Taiz, Yemen. He has been operating a wedding shop for three years and has gained many customers.

Khalid started his business with limited capital which qualified him to open a wedding shop. His business is operating well in wedding seasons, mostly in summer where more customers come to buy the requirements for a wedding such as sofas, curtains and roses.

He wants to increase his working capital so as to expand his sales volume. It is a beneficial and important thing for his business future, therefore, he obtained a loan of 100,000 YER from AMB which will be used to purchase more wedding requirements like sofas, curtains and roses in order to meet his customer`s needs.

In the future, he hopes to expand his business in order to buy a big plot of land and then use it as a wedding hall.

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 $475 helped Khalid to purchase wedding requirements like sofas, curtains and roses for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 12, 2012
Feb 15, 2012
Currency Exchange Loss:
Mar 15, 2013