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Adel is 36 years old. He is a married man with three children, and he lives with his family in Sana'a, Yemen. Adel studied up to elementary level education. His neighbors have good things to say about him. They describe him as a kind and hardworking man. As the main source of income for his family, Adel has been selling groceries and food products since 2011. He started this business with a small amount of capital. Thanks to Adel's hard work, he has been able to develop and expand his merchandise. The profits from this business have allowed Adel to expand his sales volume.

For the purpose of further developing his business, Adel turned to Al-Amal Microfinance Bank. He is requesting a loan of 200,000 YER to buy more of food items for future retail in order to meet all the demands of his family. Adel plans to invest the earnings from the loan to further increase his business. He also intends to expand his business more in order to provide his family with a lot of money.

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.


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
Paying Back

This loan has been fully funded!

A loan of $950 helped Adel to buy more of food items for future retail in order to meet all the demands of his family.
75% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jul 1, 2014
Jul 28, 2014
Currency Exchange Loss: