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Eyman
Eyman is a 42-year-old married woman who lives in Haja, Yemen. She is a cheerful and hardworking woman. She is a teacher getting a low salary. Every day, she gets up with her characteristic optimism and cheerfulness in order to work at school.

Due to the shortage of financial resources, she requested a loan from AMB to buy construction supplies to complete building her house as well as buying an oven to use in her house. This way she will continue struggling every day to improve her living conditions.

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.

About Yemen

  • $2,700
    Average annual income
  • 29
    View loans »
    Yemen Loans Fundraising
  • $3,141,950
    Funds lent in using Kiva
  • 215.0
    Yemen Rials (YER) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $950 helped Eyman to buy construction supplies to complete building her house as well as buying an oven to use in her house.
58% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 19, 2013
Currency Exchange Loss:
Possible