Check out some available loans that are similar to this one!
Shraf is a 29 year-old married man and has three children who live together in Haja, Yemen. He has a mill ("tahoun") and has been involved in this business for three years. He is an incredibly hard working man and as a result has a lot of experience. In addition, this is the main source of his income. On the other hand, through lots of effort, he has managed to grind his customer`s grains, i.e., he provides them with a service to put food on their tables. Recently, he says that the main challenge to his business is a seasonal problem: during the dry season this type of product is very expensive. So, He took out a youth loan of 500,000 YER from AMB in order to purchase grains for his business and sells them at a cheaper price for his customers. He hopes that the extra income from this loan will allow him to improve his standard of living.

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

  • $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 loan of $2,350 helped Shraf to purchase grains for his business and sell them at a cheaper price for his customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 30, 2013
Feb 10, 2013
Currency Exchange Loss:
Mar 17, 2014