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Zahrat Al-Jabl Group
In this Group: Zahra, Jamila, Amna, Hamama
Zahrat Al-Jabl is a group of four women. They are from Sana`a, Yemen, and they work together to help one another. They work hard every day to improve their families’ quality of life. Jamila is the leader of the group. She is 45 years old, married, and has three children.

For three years, Jamila has been embroidering cloth and selling it, which has enabled her to develop a significant customer base. She says that she always has many orders from her customers, especially because she offers good quality in her embroidery work and it is not very expensive. She is turning to AMB to request a youth loan of 40,000 YER in order to fulfill existing orders for her customers. She would like to purchase fabrics, needles, and other items. In the future, Jamila would like to achieve her potential by opening an embroidery shop where she can distribute her goods to the market.

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

  • $2,700
    Average annual income
  • 8
    View loans »
    Yemen Loans Fundraising
  • $3,225,150
    Funds lent in using Kiva
  • 214.8
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Zahrat Al-Jabl Group's $575 loan helped a member to purchase fabrics, needles, and other items.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 25, 2013
Listed
Aug 31, 2013
Currency Exchange Loss:
Possible
Ended:
Jun 17, 2014