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Oishis
Oishis is a 50-year-old married woman with 9 children. Her oldest child is 20 years old and the youngest one is 6 years old. Oish is an uneducated woman, but she is a very dynamic and active woman. She lives with her family in Mokala, Yemen. The family lives in a very poor area. The animal husbandry business is Oiesh and her family's only business and source income.

Many years ago, Oiesh started her business raising the livestock. Now, she works in husbandry, and she has a good amount of cows and goats. She inherited this business from her parents. After children come home from school, they help her in this business. The raising of the animals is the family's favorite business. Oiesh wants to strengthen the income of this business, but she needs financial support, so she asked for a loan of 70,000 YER to buy livestock in order to raise and resell them.

Oishish hopes to provide her children with a secure future.

Additional Information

More information about this loan

This loan is part of a joint program between Al Amal and the Social Welfare Fund in Yemen to reach the extreme poor who are dependent on grants from the state's Social Safety Net. Al Amal enables these borrowers to establish new enterprises and grow existing ones so they can boost their income and stop living on government funds. By funding this loan, you are empowering the extreme poor in Yemen to lift themselves out of poverty.

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
  • 25
    View loans »
    Yemen Loans Fundraising
  • $3,141,950
    Funds lent in using Kiva
  • 214.9
    Yemen Rials (YER) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $350 helped Oishis to buy livestock in order to raise and resell them.
37% repaid
Repayment Term
27 months (Additional Information)
Repayment Schedule
Irregularly
Pre-Disbursed:
Apr 13, 2014
Listed
May 11, 2014
Currency Exchange Loss:
Possible