Check out some available loans that are similar to this one!
Hassan is a 23-year-old married man and is the father of one child only. He lives in Ibb. His business is tire repair and oil change and he has employed two persons in his shop. It is the only income source for his little family.

He was a worker in a workshop therefore he was able to save up money, and then he rented a shop on a main road in the city where he sells tires and provides tire repair services. He says that his shop is the primary means he has to give his family everything they need for a dignified life without hardship.

Due to the bad situation in Yemen, his business is closed and he doesn`t have money to purchase oil and tires, etc. Hassan requests a youth loan of 100,000 YER from AMB to purchase tires, tubes, oil and other items necessary to run the tire shop, as he is always busy with many orders and jobs.

In the future, he plans to rent another shop and open a car workshop.

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
  • 219.3
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Hassan to purchase tires, tubes, oil and other items necessary for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Jan 16, 2012
Jan 30, 2012
Currency Exchange Loss:
Feb 15, 2013