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Awtar Group
In this Group: Safa, Abeer, Nagla, Awtar, Mriam
This group is called “AWTAR”. It is made up of five members: Awtar, Safa, Abeer, Nagla and Mriam, who work together in different areas. Among these are selling ladies' clothes. This is a group of women with initiative, values and good proposals on how to conduct business nowadays. They requested a loan of 250,000 YER from AMB.

Awtar is 28 years old, a married woman with two children. She is the leader of this group. (In the photo she is on the left, with pink fabric on her shoulder.) She lives in Aden, Yemen. She is a merchant; specifically she sells new clothes for adults and children, according to the season.

Awtar has been doing this for three years. She sells her products from her house. She buys her merchandise from distributors and stores where the prices are cheaper. She began this activity as a result of the lack of a clothes market in her neighborhood.

She is very grateful to her neighbors who supported her over all these years. With the income from her business she was able to upgrade her home and enjoy more comfort. At the present time, her business doesn't get her as much profit due to the bad situation in Yemen.

So she applied for a youth loan of 50,000 YER from AMB to acquire articles of clothing such as dresses, shirts, pants, skirts, shoes, etc. She will sell them to her customers, thus giving her the opportunity to improve her income from her business. One of her personal dreams is to send her children to private high schools.

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.

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

  • $2,700
    Average annual income
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,225,150
    Funds lent in using Kiva
  • 215.6
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Awtar Group's $1,175 loan helped a member to acquire articles of clothing such as dresses, shirts, pants, skirts, shoes, etc. for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2012
Listed
Apr 9, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013