A loan of $475 helped to purchase more phone merchandise and stereos that will increase sales.

Arafat's story

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.

Loan details

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Loan details