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Al- Wafa Al- Thawra Group
In this Group: Amira, Nabat, Jamila, Nojod, Shifa
Al- Wafa Al- Thawra is a group that is comprised of five women from Sana'a, Yemen. They are requesting a loan of 250,000 YER from AMB.

Shifa is the leader of the group. She is a 23-year-old married woman with three children. She is an uneducated woman and works as a housewife. Her husband is an employee in a public sector. The salary that he receives from his job is not enough to cover all the expenses of the family. Shifa's house lacks a refrigerator and she can't afford this thing. Inside the kitchen of her house, she puts many kinds of drinks, foods, sweets, and vegetables without a refrigerator where they need to be in a cold condition. Particularly, the climate these days is very hot. Unfortunately, she doesn't have a refrigerator in order to keep all those items in a cold condition. As a result, most of those foods and drinks expire quickly. For this reason, Shifa is requesting a loan of 50,000 YER from AMB in order to purchase a refrigerator for the house.

Shifa looks forward to improving the condition of her family.

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

  • $2,700
    Average annual income
  • 29
    View loans »
    Yemen Loans Fundraising
  • $3,141,950
    Funds lent in using Kiva
  • 214.8
    Yemen Rials (YER) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Al- Wafa Al- Thawra Group's $1,175 loan helped a member to purchase a refrigerator for the house.
70% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 8, 2014
Jun 30, 2014
Currency Exchange Loss: