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Om Nassim Group
In this Group: Thakra, Monirh, Najibh, Nahla
This group is called Om Nassim and it is made up of four members Thakra, Monirh, Najibh, and Nahla who joined together because they are friends. They live in Aden, Yemen. They took out a loan of 180,000 YER.

Monirh is the president of this group. She is 39 years old, a married woman, and has five children who live together in Aden, Yemen. (She is the second woman from the right.) She has been selling incense and ladies' fabrics for three years. She works hard to provide for her family. Because of her desire to work she has obtained the satisfaction of her clients.

Currently, she has applied for a loan of 60,000 YER from AMB to buy incense, fabrics and perfumes for her business. She hopes to expand her business to sell all types of clothes in order to offer a good life to her family. She would like to enroll her children in the best private schools.

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

  • $2,700
    Average annual income
  • 13
    View loans »
    Yemen Loans Fundraising
  • $3,193,525
    Funds lent in using Kiva
  • 214.5
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Om Nassim Group's $850 loan helped a member to buy incense, fabrics and perfumes for her business.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 12, 2012
Jul 2, 2012
Currency Exchange Loss:
Apr 17, 2013