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Om-Wajdan Group
In this Group: Huda, Khadija, Faiza, Asia
This group, called Om-Wajdan, is comprised of four members, all of whom are female. They are from Aden, Yemen, and they know each other very well as they have lived in the same area for a long time. They have different businesses. They have requested a loan of 280,000 YER.

One group member, Khadija, is a 66-year-old, married woman. She has five children. She has been selling grocery products and getting a small daily income. She started her own business, which is her main source of income. Her business is not going well, due to the lack of money to stock her shelves. This is why she's requesting a loan of 80,000 YER from AMB, which she will use to purchase grocery products for her business. She hopes she can improve her family's financial stability with this investment, and enjoy a better quality of life.

Additional Information

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
  • 215.0
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Om-Wajdan Group's $1,325 loan helped a member to purchase grocery products to resell to her customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 25, 2013
Jun 28, 2013
Currency Exchange Loss:
Jul 17, 2014