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Osama is a 27-year-old man. He lives in Taiz, Yemen. His education background is up to secondary.

He started his business by opening an office supplies store which provided good services for customers. In addition, he has purchased a document printer He is totally dependent on the income from this business to feed his family and to cover their living expenses. Most of his clients are students so he behaves with them as his children and works hard to provide them with all their requirements.

Recently, Osama`s business has faced a financial challenge leading to a decrease in his profit and he has had to stop providing all people's requirements because of the current bad situation which Yemen has been facing.

Osama is requesting a youth loan of 200,000 YER from AMB in order to expand and purchase goods for his business so that he can again make students happy by providing their supplies.

In the future, he hopes to buy another shop to sell stationery and buy a car.

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
  • $3,229,175
    Funds lent in using Kiva
  • 219.3
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Osama to expand and purchase stationery supplies for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 14, 2012
Jan 18, 2012
Currency Exchange Loss:
Feb 15, 2013