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Nael is a 24-year-old man. He lives in Taiz, Yemen. Nael`s business is a grocery store, which he started 3 years ago with limited capital provided by his grandfather. It is the main source of income for feeding his family. Though he has been working hard, he can`t meet his customers' demands due to limited capital, as wholesalers require cash payment to provide him with grocery supplies. He has managed to attract more clients. He was happy about attracting new clients, but on the other hand, the financial challenge of meeting customers' demand is hindering his business progress and growth. Therefore, he took out a loan of 400,000 YER in order to purchase the grocery supplies that his shop needs. He hopes to expand his business more to be a successful entrepreneur in the area.

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 $1,875 helped Nael to purchase the grocery supplies that his shop needs.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jul 25, 2013
Aug 4, 2013
Currency Exchange Loss:
Sep 17, 2014