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Taisyr
Taisyr is 30 years old, a married man with two children who lives in Taiz, Yemen with his loving family. He has owned a bakery for 14 years.

He started his business two years ago and it is the only source of income for him and his family. He has attracted more clients and confined people. His business has continued running successfully and is more profitable. Due to the current bad situation in Yemen, he faces difficulty in the lack of gas leading him to sometimes have to close his business for a long time thus he has less profit from his enterprise and his customers are decreasing.

So he took a youth loan of 300,000 YER from AMB to buy more bakery items such as flour, gas, etc. for his business in order to make bread and distribute it to many shops.

In the future, he hopes to expand his business to purchase another shop and make it a gas cylinder store and also buy a car for transporting his business items.

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
  • 219.2
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Taisyr to buy more bakery needs such as flour, gas, etc. in order to make bread to distribute to many shops.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 23, 2012
Listed
Feb 27, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012