A loan of $1,875 helped to purchase goods and requirements for his grocery store.

Mohammed's story

Mohammed is a 30-year-old man living in Sana'a. He is a father of three children. Two of the children are still in primary school and the youngest is two years old. Mohammed completed only primary school and could not go ahead with his study due to the difficult living conditions he faced.

Mohammed's business is a grocery store that he started 14 years ago with limited capital and income. By sticking with his business, which is the main source for feeding his family, Mohammed was able to attract new clients. This had an impact on expanding his business capital and income. Mohammed was happy for the increase in clients but on the other hand, Mohammed faced a financial challenge because he was not able to meet the demands of his clientele.

Mohammed took a loan of 400,000 YER from Al Amal Bank in order to meet the demands of his clients by providing the needed grocery goods. It is worth mentioning that Mohammed is one of the trusted clients of AMB, as this loan is the third loan to be disbursed to him.

In the future, Mohammed hopes to expand his business and capital by opening another grocery as well as purchasing a truck, which he will use to pick up goods from wholesalers to deliver to his grocery. He also is saving to enroll his youngest child in a private school to guarantee a good education.

Loan details

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Loan details