Total loan: $1,200
Sana'a, Capital Municipality, Yemen / Retail
Nabeel's loan finished fundraising,
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A loan helped to purchase 1200 mobile phone recharge cards and for resale.
Nabeel would like to thank all KIVA lenders who helped him in his last loan four years ago. With that loan, he purchased mobile phone accessories and mobile phone recharge cards to meet the demand of his clients and increase his profit. Nabeel has got married and has a 1 and half year child. He becomes responsible of a family and need to meet their demands. Before more than 27 months, his business has been working very well and got good profit from his mobile phone accessories store. However, due to current conflict, his profit from his business has decreased. It hardly covers the expenses of his family. Currently Nabeel is in need to purchase new merchandize for his store and meet the demand of his clients. The problem is that he doesn’t have the capital for that, so he has decided to apply for a YER 300,000 loan from Al-Amal Microfinance Bank to purchase 1200 mobile phone recharge cards. Nabeel is looking forwards to expanding his store after the end of current conflict.