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Wadhah is a 29-year-old married man with two children. He lives in Sana`a, Yemen. Wadhah sells cell phones, accessories, and cell phone chargers in a commercial center. He began by working in a business with a friend in Sana`a city and, once he gained experience, started his own business in the town where he and his family live. Wadhah used his savings from an earlier job as working capital. Initially, he began by selling clock accessories and then gradually added other items as his customers requested them. Wadhah has earned a profit and he hopes to continue expanding his working capital, which often is insufficient to meet the demand of his clients.

Wadhah is requesting an 150,000 YER youth loan through AMB to buy cell phones, accessories, and cell phone chargers along with other items that his customers have ordered. In the future, Wadhah hopes to rent another shop and start an electronics business.

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

  • $2,700
    Average annual income
  • 13
    View loans »
    Yemen Loans Fundraising
  • $3,193,525
    Funds lent in using Kiva
  • 214.1
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $725 helped Wadhah to buy cell phones, accessories, and cell phone chargers for his business.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 30, 2012
Dec 31, 2012
Currency Exchange Loss:
Feb 17, 2014