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Nadhir is a 28 year old young man who lives in Sana`a, Yemen. He decided to start his own business and opened a grocery store. He has been operating his store for many years and employs two people.

Nadhir has fought against adversity his whole life. However, he is a friendly person and always has a smile for his customers. He wants to increase the store's sales so he can prosper financially and offer his family a better future.

In order to increase sales at his store, Nadhir plans to buy more products and offer more variety for his customers. He doesn't have enough capital right now to expand his inventory. He is requesting a youth loan of 500,000 YER from AMB. The loan will allow him to buy basic products such as rice, sugar, flour, beans and soft drinks to sell at his store, which will increase sales. He hopes that the extra income that he will generate can provide a better quality of life for his family.

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
  • 214.6
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Nadhir to buy basic products such as rice, sugar, flour, beans and soft drinks to sell at his store.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Feb 25, 2013
Mar 5, 2013
Currency Exchange Loss:
Mar 17, 2014