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Haidr, 24 years old, is a married man who lives with his family in a poor area in Sana`a, Yemen. He has only a daughter, and he strives to offer her a good life.

Haidr has been operating a cosmetic materials and perfume store. He mortgaged his wife’s gold to sell vegetables and fruits in the street. When he acquired much experience, he expanded his business to open a cosmetic materials and perfume store.

Due to the bad situation which he faced, Haidr couldn’t stock his business to permit him to have a large clientele and guaranteed good sales. Because of this, he is currently asking for a youth loan of 500,000 YER from AMB in order to buy cosmetic materials and perfumes. He wants to offer a better variety to his customers and thus increase his sales. He hopes that in this way his business will continually capitalize itself and his earnings will increase.

Haidr hopes that, with more income, his family can enjoy a better quality of life and have better economic opportunities.

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
  • 214.6
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Haidr to buy cosmetic materials and perfumes for expanding his business.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Mar 27, 2013
Mar 31, 2013
Currency Exchange Loss:
Nov 17, 2014