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Tarek is 32 years old, married, and the father of two children. His oldest child is 6 years old and the other is 3 years old.
Tarek lives in a very poor neighborhood in Haja, Yemen. He is an uneducated man and he works to raise and sell livestock. Many years ago, he started this business in order to look after his family. Raising the livestock is the sole business of his family, and all members of the family work in the business.

The capital of this business is very low, and Tarek wants to strengthen it, but he doesn't have enough money. Therefore, Tarek applied for a loan of 98,000 YER from AMB in order to purchase more livestock to raise and sell in the local markets. Tarek hopes to expand his business in order to provide his family with a lot of money.

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
  • 13
    View loans »
    Yemen Loans Fundraising
  • $3,193,525
    Funds lent in using Kiva
  • 214.8
    Yemen Rials (YER) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $475 helped Tarek to purchase more livestock in order to raise and sell them in the local markets.
25% repaid
Repayment Term
38 months (Additional Information)
Repayment Schedule
May 21, 2014
Jun 8, 2014
Currency Exchange Loss: