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Al- Hanan Group
In this Group: Hilala, Ritha, Omara, Shaklia
This group is called Al- Hanan. It consists of four hardworking women from Aden, Yemen. They have requested a group loan of 180,000 YER from AMB, and they will hold each other accountable for the loan repayment.

Shaklia is a very active woman from a poor family. She is 35 years old and a mother of five children. She is the leader of the group. Her husband is the sole breadwinner of the family. Over time, he became unable to look after his family. Shaklia wanted to help him in this responsibility. She started selling women's clothes as a door to door, using a small amount of capital, five years ago. Her income from this business is very low, and she wanted to improve it.

Most of what Shaklia earns goes towards the expenses of her family. On the other hand, she wants to improve her business. For this reason, she asked for a loan of 70,000 YER from AMB in order to purchase more women's clothes for resale to her customers.

Shaklia looks forward to expanding her business further through opening a small store selling women clothes.

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
  • 214.9
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Al- Hanan Group's $850 loan helped a member to purchase more women's clothes for resale to her customers.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
May 29, 2014
Jun 12, 2014
Currency Exchange Loss:
Apr 17, 2015