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Mohammed is a 25-year-old single man who lives in Sana`a, Yemen. Approximately five years ago, Mohammed started his business, a grocery store selling staples. This business is Mohammed’s source of income so that he is able to give his family a better quality of life. Thanks to his good products and the good service that he offers, he has a large clientele, which allows him to have a very good level of sales.

With the thought of generating more income and being able to offer his customers a greater variety of products, Mohammed wants to increase the stock of products that he has. However, he does not have enough capital to be able to buy the products from his providers. He therefore requested a loan of 200,000 YER (Yemen rials) from AMB that will give him the opportunity to buy food staples in order to stock his store and offer his customers a greater variety. He hopes that with the loan, he will be able to increase his sales because he will be offering his customers more products.

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 Mohammed to buy food staples in order to stock his store and offer his customers a greater variety.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 23, 2014
Feb 4, 2014
Currency Exchange Loss:
Mar 19, 2015