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Shawgy is a 26-year-old young man who lives in Taiz, Yemen. He couldn't access an education due to his family's financial problems. He decided to start his own business and opened a retail shop. He has been operating his business for four years and is the person who pays for the household expenses in the home he shares with his parents. He aspires to having his business offer a good future and a good quality of life.

He is a friendly person and always has a smile for his customers.

Shawgy wants his business to increase its sales so he can prosper financially and offer his parents a better future, because he is a person who has had to fight against adversity his whole life.

In order for his business to increase its sales, he needs to buy more products to offer more variety for his customers. Nonetheless, he doesn't have enough capital right now to do it. That is why he requests a youth loan of 200,000 YER from AMB. The loan will allow him to buy basic products such as rice, sugar, flour, beans and soft drinks to offer in his business and thus increase his sales.

In the future, Shawgy hopes that with the extra income that he will generate, he can offer a better quality of life to his parents and they can prosper financially, so in the future they can have the financial stability they have wished for so much.

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
  • 218.5
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Shawgy to buy basic products such as rice, sugar, flour, beans and soft drinks to sell.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 30, 2012
Feb 7, 2012
Currency Exchange Loss:
Mar 15, 2013