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Hammier
Hammier is a 28-year-old married man, the father of a child. He has been working in home products sales, a gas cylinders store, for eight years. He lives in Sana'a, Yemen. In 2004, he opened his present shop and since then has been expanding it gradually. He is a hardworking man who seeks perfection in his business, especially by responding to almost all of his customers' needs. He provides excellent customer service which he believes is the main source of improvement for his business.

Hammier is applying for a youth loan of 400,000 Yemeni rials from AMB in order to increase his merchandise of gas cylinders with special prices. This is his third cycle as an AMB borrower. His previous loan helped a lot in improving his business. He is a borrower in good standing. He hopes he can open new branches in the future.

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
  • 213.6
    Yemen Rials (YER) = $1 USD