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Luqman is 24 years old, single and lives in Ibb, Yemen. He lives in harsh conditions and has to work so that he can improve his living conditions without the help of others. He has been running a stationery business for the past 5 years. He has the determination to work and get ahead to continue making progress in life. He works hard to generate the necessary income to cover expenses.

Currently, he has requested a youth loan of 500,000 YER from AMB to buy stationery and accessories in order to diversify the products he offers to his customers. By doing so, he hopes that his business will increase its sales considerably. He hopes to get married and improve his living standards.

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
  • 214.9
    Yemen Rials (YER) = $1 USD
A loan of $2,350 helped Luqman to buy stationery and accessories in order to diversify the products he offers to his customers.
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Sep 22, 2013
Currency Exchange Loss:
Oct 22, 2013