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Hayhat Group
In this Group: Tahani, Aysha, Shafika, Zakia
This group is called Hayhat. It comprises of four women from Taiz, Yemen. They are requesting a loan of 260,000 YER from AMB.

Shafika is the leader of the group. She is a 54-year-old married woman with 11 children. Her oldest child is 22 years old, and the youngest one is 4 months old. She lives with them in their own house in Taiz. Shafika is the leader of the group. She works as a housewife and she is a very dynamic woman.

Her husband immigrated to Saudi Arabia. He left home many years ago in order to improve the condition of his family. Currently, he receives a good amount of money from his business there. He sends money for his family monthly.

One of Shafika's children has a bus and works on it as a driver, and two of the children are students in a University. Shafika's house needs a renovation from the inside and most of the rooms are not renovated, in addition to the kitchen and the bathroom. This thing affects negatively about Shafika and she feels ashamed, especially if any guests or visitors come to her house. For this reason, Shafika applied for a loan of 70,000 YER from AMB in order to purchase cement and bricks to renovate the house.

Shafika hopes to renovate all her house and rent it in order to improve the living standards of her family. She hopes to open a saving account in AMB for her children. She is a very active and ambitious woman.

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
  • 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 portion of Hayhat Group's $1,225 loan helped a member to purchase cement and bricks to renovate the house.
90% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jul 6, 2014
Aug 8, 2014
Currency Exchange Loss: