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Khalid, age 39, owns an auto services store where he sells cars, tires, batteries, and oil. He lives with his wife in the city of Taiz, Yemen.

At present, his business doesn’t yield too much profit because of the current situation in Yemen. When people are in need of basic necessities, they tend to put off such activities as changing their car tires. Therefore, he would like to become an agent for some local bakeries by distributing their bread to groceries. To start this business, he needs to buy a tok-tok vehicle to use for distributing bread. He has therefore applied for a loan in the amount of 200,000 YER from AMB.

Khalid looks forward to eventually having his own bakery in order to improve his family's living standards and to provide his children with a high-quality education so that they can be successful in their lives.

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.

About Yemen

  • $3,900
    Average annual income
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,225,150
    Funds lent in using Kiva
  • 214.1
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Khalid to purchase a tok-tok vehicle with which to start up a bakery delivery service.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Dec 31, 2012
Mar 1, 2013
Currency Exchange Loss:
Feb 17, 2014