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Osama Group
In this Group: Wardh, Aisha, Khadigh, Fatima, Fawzih
This group is called “OSAMA.” The five members of the group are Warda, Aisha, Khadigh, Fatima and Fawzih. They are all females from Aden, Yemen.They are hard working and work in different businesses. They took a loan of 250,000 YER. Aisha’s is the leader of the group. She is 41 and married. She is the woman who holds the currency paper in the photo and she has three children. She has been selling clothes for over 10 years. She started her business by collecting money from the association.

She decided on this business because she says she wanted to find a way to improve her quality of life and that of her family and to offer her little children a good education. She applied for a loan of 50,000 YER from AMB. She will use the loan to buy skirts, shirts, sport uniforms, scarves, etc. to continue selling her articles of clothing.

Her dream is to expand her locale a bit more to have it better stocked with articles of clothing and continue with her sales this way. In this way, she will obtain more and better income to continue supporting her children in their studies so that they can have good professional careers.

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
  • 213.6
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Osama Group's $1,175 loan helped a member to buy skirts, shirts; sport uniforms, scarves, etc for her business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 23, 2012
May 3, 2012
Currency Exchange Loss:
Apr 17, 2013