Check out some available loans that are similar to this one!
Gaza  Al-Hodeida Group
In this Group: Fawziah, Lolah , Ferdwas, Bakhetah
Gaza Al-Hodeida is a group of four poor women from Al-Hodeida, Yemen. They applied for a loan of 80,000 YER to purchase woman's clothes.

Lolah, a 43-year-old married woman, lives with her thirteen children in a small house in Al-Hodeida city. Her husband went abroad two years ago to work in Saudi Arabia when he couldn’t afford to pay for his family needs due to his low monthly income. He thought that he would make much more money abroad.

Lolah decided to work to earn money to cover the needs of her children. She is a door-to-door woman's clothing seller. She sells woman's and kids clothes. She earned a good profit from this business, so she decided to purchase more clothes and target new clients. Therefore, she asked for a loan in the amount of 20,000 YER. Lolah hopes to expand her business and open a clothing store in the near future.

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

  • $3,900
    Average annual income
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,225,150
    Funds lent in using Kiva
  • 214.5
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Gaza Al-Hodeida Group's $375 loan helped a member to purchase woman's clothes.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Jan 20, 2013
Mar 1, 2013
Currency Exchange Loss:
Jan 17, 2014