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Geram Group
In this Group: Mona, Hamodah, Zahra , Raboa'a, Salwa
Geram group consists of five women from Al-Hodeida, Yemen. They have asked for a loan in the total amount of 100,000 YER from AMB to purchase women's clothing, perfumes, incense, and vegetables.

Zahra, 25 years old, is a married woman with four children. She is illiterate and lives with her husband and their children in a small house. Her husband works very hard to provide his family with everything they need, but what he earns is really not enough (rather, it is just enough for their house's rent). Therefore, one year ago, Zahra decided to work and to help her hardworking husband. Specifically, she is a door-to-door clothes and cosmetics' seller.

To date, she has earned good profits, and she now wants to expand her business and to start selling vegetables in the street, which would enable her to earn more money. As a result, she applied for a loan in the amount of 20,000 YER for her business. Zahra is very ambitious and loves her family very much. Going forward, she wants to educate her children and to improve their living standards.

Additional Information

More information about this loan

This loan is governed by Islamic lending principles. Because Islamic Law prohibits the charging of interest, Al-Amal is charging 0% interest on this loan. This is a Murabaha loan, which means that Al-Amal purchases goods for borrowers and charges a fee or mark-up. Click here to learn more about this loan type and Kiva's approach to lending in the Islamic world.   

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
  • 22
    View loans »
    Yemen Loans Fundraising
  • $3,208,400
    Funds lent in using Kiva
  • 214.7
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Geram Group's $475 loan helped a member to expand their businesses by purchasing women's clothing, perfumes, incense, and vegetables for re-sale purposes.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jan 12, 2013
Feb 1, 2013
Currency Exchange Loss:
Dec 17, 2013