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Alhowt Group
In this Group: Antsar, Amnh, Najeeba, Jameela
This group is called Alhowt. It consists of four members, Antsar, Amnh, Najeeba and Jameela, who are all females. All of them are friends and from Aden, Yemen. They are hard-working and professional in their business. All members took a loan of 260,000 YER.

Antsar is the leader of this group. (She is the second woman from right side whose face is covered.) She is a 32-year-old married woman who has three children who live together in Aden, Yemen. She had been working in different businesses where selling mobile recharge cards was part of the business.

She started her business with a previous loan from AMB. Her most important challenge is to keep her business stable and sustainable. She enjoys working and serving the needs of her family. Her business has been growing to the point where she is selling a greater range of products and acquiring more clients and communities.

She applied for a loan of 60,000 YER from AMB to buy additional mobile recharge cards in order to increase her sales. She hopes to expand her business to improve her living conditions.

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
  • 215.5
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Alhowt Group's $1,125 loan helped a member to buy additional mobile recharge cards in order to increase for her sales.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 19, 2012
May 3, 2012
Currency Exchange Loss:
Apr 17, 2013