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Adel
Adel is 23 years old, a single man. In his childhood, he could not go to school because nobody was there to support him. He is a food distributor to students in schools. He sells sandwiches made of fried potatoes. This idea came to him earlier when he was working with a merchant in a big store who supported him to start the business with simple products. This business is the main and the only source supporting him and his big family.

Adel took a youth loan of 80,000 YER from AMB in order to purchase more potatoes and cook them as fried potatoes to cover the demand of his customers since this will bring more profit to him and his family's living conditions will be improved accordingly. Adel hopes to improve his business by building up capital and opening a grocery so that he will be able to increase his profit.

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
  • 216.0
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Adel to purchase more potatoes for his business so he can cover the demand of his clients.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 29, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013