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Mohammed is a 28-year-old engaged man who lives with his family in Sana'a, Yemen. He is a professional baker. In the beginning, Mohammed worked as a guard in a security company in the capital city of Sana'a. In time, he was able to accumulate a good amount of money and started his own business by opening his own bakery in Sana'a. For six months, he has been baking bread and cakes in his bakery. It is his only source of income. His bakery is famous for its delicious bread and you can always buy hot, fresh bread from his store. Mohammed wants to expand his business. He wants to buy more flour in order to increase his production of cake and bread. In order to accomplish this goal, Mohammed requested a loan of 200,000 YER from AMB which he plans to use to buy a large amount of flour in order to increase the production of the bakery.

Mohammed looks forward to purchasing a bus for transportation in order to enlarge his business.

Additional Information

More information about this loan

This loan is helping support a borrower who is 30 or under. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources. 

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
  • 23
    View loans »
    Yemen Loans Fundraising
  • $3,208,400
    Funds lent in using Kiva
  • 215.0
    Yemen Rials (YER) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $950 helped Mohammed to buy a large amount of flour in order to increase the production of the bakery.
66% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jun 4, 2014
Jun 14, 2014
Currency Exchange Loss: