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Al- Fayha Group
In this Group: Rayda, Lyla, Inas, Weam
This group is called Al-Fayha. It consists of four ladies living in Aden, Yemen. This group has requested financial aid of 220,000 YER from AMB to boost their business.

The group's representative, Rayda, is 43 years old and married with four children, living with them in their own house. Her oldest child is 16 years old and the youngest one is 10 years old. She is the leader of the group.

Rayda studied until secondary school, but she couldn't complete her studies because of many circumstances inside her family. She decided to help her husband in the expenses of their family.

She has started up as a door-to-door seller for 20 years by selling accessories, makeup, and other women's things. Her income from this small business is good, but not enough to develop it; most of what she earns goes to the expenses of her family.

Therefore, she applied for a loan of 70,000 YER from AMB in order to purchase more accessories, makeup, and cosmetics to sell.

Rayda looks forward to expanding her business and provide her family with better living conditions.

Her dream is renovate her old house.

Additional Information

More information about this loan

This loan is governed by Islamic lending principles. Because Islamic Law prohibits the charging of interest, Al-Amal is charging 0% interest on this loan. This is a Murabaha loan, which means that Al-Amal purchases goods for borrowers and charges a fee or mark-up. Click here to learn more about this loan type and Kiva's approach to lending in the Islamic world.   

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

  • $3,900
    Average annual income
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,225,150
    Funds lent in using Kiva
  • 214.8
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Al- Fayha Group's $1,025 loan helped a member to purchase accessories and makeup to sell.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Mar 16, 2014
Apr 14, 2014
Currency Exchange Loss:
Apr 17, 2015