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Khalid is 29 years old. He is a married man and has one child and they live in Sana`a, Yemen. He owns a small call center where he offers good services for communication. He started his business with a small amount of money. He faces challenges in his business including that he is not able to offer more services to his clients.

He is going to use the loan to expand his business in order to continue improving his business and in that way to continue generating more income with the goal of improving his quality of life. So he applied for a loan of 200,000 YER from AMB to enable him to buy printers, telephone cabins and telephones etc. to expand his business.

He feels happy and thankful for the opportunity that has been offered to him since this is the only work that allows him to support himself.

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

Success!! The loan was 100% repaid

A loan of $950 helped Khalid to buy printers, telephone cabins and telephones to expand his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Sep 12, 2013
Sep 29, 2013
Currency Exchange Loss:
Oct 17, 2014