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Taymour is a 25-year-old married man, living with his family in Dhamar city, Yemen. He works in his pharmacy store. He has been graduated from the college of pharmacy for three years. Now, he is a pharmacy man. Taymour started his business two years ago with financial support from his father. With that financial support, he could open his own pharmacy in the city of Dhamar. Taymour earns good profits, but he faces a hardship of inadequate capital to meet the high demands of the patients. He thinks the loan from Kiva lenders will help him very much to increase his business. For this reason, he has applied for a loan of 300,000 YER from Kiva partner AMB. He will use this loan to buy more medical requirements and medicines for his pharmacy store. Taymour looks forward to improving his business and expanding it more by opening other branches inside the city where he lives. He hopes to open a saving account in AMB.

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

  • $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 loan of $1,400 helped Taymour to buy more medical requirements and medicines for his pharmacy store.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Aug 11, 2014
Aug 20, 2014
Currency Exchange Loss:
Sep 23, 2015