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Abdullah
Abdullah is a 24-year-old single man who lives with his family in Mokala, Yemen. He studied till elementary school. Due to the miserable condition of his family, he couldn't complete his studies. Abdullah is a very active and dynamic person. In order to improve the condition of his family, Abdullah decided to buy fish to sell in the fish market in Mokala. He has worked in this business for 12 years. This business is the sole income source for the family. Abdullah finds this business is profitable for him, but most of what he earns goes to the expenses of the family. Abdullah applied for a loan of 98,000 Yemeni rials from Al-Amal Microfinance Bank in order to purchase more fishes to sell to the customers.

Abdullah is very thankful to those who help him improve the condition of his family. He is waiting for your support.

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.

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About Yemen

  • $2,700
    Average annual income
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,225,150
    Funds lent in using Kiva
  • 214.9
    Yemen Rials (YER) = $1 USD