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Fatima Group
In this Group: Fatima, Wafa, Safia, Fatima
The Fatima group consists of four people who are friends from the same village. They live in Aden, Yemen. This is the second time that the group is requesting a loan of 200,000 YER from AMB in order to increase the member's activity level.

Fatima is the leader of the group (she is on the right side of the photograph wearing glasses and covering her face with her hand). She is 40 years old and lives in Aden. She is married and has a son who attends school and whom she financially supports. She jointly takes care of the various household expenses. In order to contribute to these expenses, she has been selling clothes as well as incense, in her own region, for two years.

She requested a loan of 50,000 YER from AMB to buy her supplies of incense and fabrics in one of the regions of Aden In order to meet her customers' needs, and to increase her turnover and income.

In the future, she hopes to join her son in the university in order to benefit him and help her.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

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 portion of Fatima Group's $925 loan helped a member to buy incense and fabrics for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Feb 18, 2012
Feb 21, 2012
Currency Exchange Loss:
Mar 15, 2013