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Abduljalil is a 49-year-old, married man. He and his wife have seven children, most of whom are in school. He explains that, during his childhood, he could not go to school because he had nobody to support him.

To earn a living, he is a food distributor who sells small products. He purchases food items, which he distributes in Taiz by using a tricycle to carry the goods. He came up with this business idea when he was working in a big store with a merchant, who supported him as he started the business with simple, affordable products. The business is the sole source of income supporting him and his large family.

He is seeking a loan in the amount of 100,000 YER from AMB in order to purchase more goods, such as like spices and other food items, to meet his clients' demands. With the help of the loan proceeds, he feels that he will be able to generate more profits and to thereby improve his family's living conditions.

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
  • 214.4
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Abduljalil to meet customer demands by purchasing additional goods (e.g., spices and other food items).
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Mar 17, 2013
Apr 17, 2013
Currency Exchange Loss:
Mar 17, 2014