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Arafat is a 29-year-old man. He is single and lives in Taiz, Yemen. His educational background is secondary school only. He has been selling phone accessories for the last three years. He is very experienced in his business and knows well where to buy merchandise for a low price.

Arafat usually brings his goods in from other cities and buys them from wholesale markets for a low price. Then he resells them for a more profitable price in his home city. He is very friendly and has already gained some permanent clients. His father helps him to bring in new goods from another city such as stereos, cosmetics, and perfumes.

Due to the current bad situations which Yemen has experienced, his business has had lower profits and fewer clients.

Arafat has applied for a youth loan of 100,000 Yemeni Rial (YER) from AMB in order to purchase more phone merchandise and stereos, which will increase his sales since this type of product is very popular.

In the future, he wishes to save some money for his upcoming wedding party.

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
  • 213.8
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Arafat to purchase more phone merchandise and stereos that will increase sales.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Jan 30, 2012
Feb 7, 2012
Currency Exchange Loss:
Sep 15, 2012