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Al-Tawn Group
In this Group: Eyman, Amany, Sahar, Noura
This group is called Al-Tawn and it consists of four ladies. Eyman is a 29-year-old woman who lives in Sana'a, Yemen. She runs a business selling different types of sweets. Since she had a small business and there wasn't another bakery in the area, she attracted customers by making tasty sweets for them. Eyman not only uses her business as a source of income but also for social purposes, including providing the poor with sweets, especially during festivals and weddings seasons. Recently, Eyman's business has decreased leading to a decline in her profits. She has had to stop providing sweets to poor people because of the current situation facing Yemen. She is requesting a loan of 40,000 YER from Kiva partner AMB in order to purchase sweet materials to use for her business. She hopes to increase her profits and continue providing sweets at social occasions.

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.

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
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,225,150
    Funds lent in using Kiva
  • 214.7
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Al-Tawn Group's $700 loan helped a member to purchase sweets to use for her business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 6, 2013
Currency Exchange Loss:
Possible
Ended:
Oct 17, 2014