Total loan: $1,400


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Taiz, Taizz Governorate, Yemen / Retail

Fouad's loan finished fundraising,
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A loan helped To purchase more materials and goods for the store.

Fouad's story

Fouad is 35 years old. He is a single man and lives with his family in Taiz city, Yemen. Due to the bad conditions in the country, Fouad studied until the secondary school, but unfortunately, he couldn't complete his studies. He is very active and dynamic man. Despite his miserable conditions, Fouad didn't surrender to them. Over time, he accumulated a good amount of money and then he began his own business, opening a store to sell products for the home in the city. He started up in his business for more than four years ago. From this business, he earns a good profit, but he says that his capital is still small and the goods inside the store decrease daily. For this reason, Fouad applied for a loan of 300,000 YER from Al-Amal Microfinance Bank in order to purchase more materials and goods to increase the capital of the store. Fouad looks forward to expanding his business through opening other branches. His dream is to provide his family with better living conditions.