Funded

Total loan: $475
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Khalid

Yemen
Taiz, Yemen / Retail

A loan of $475 helped to purchase wedding requirements like sofas, curtains and roses for his business.


Khalid's story

Khalid is a 33-year-old married man and a father of four children who lives in Taiz, Yemen. He has been operating a wedding shop for three years and has gained many customers.

Khalid started his business with limited capital which qualified him to open a wedding shop. His business is operating well in wedding seasons, mostly in summer where more customers come to buy the requirements for a wedding such as sofas, curtains and roses.

He wants to increase his working capital so as to expand his sales volume. It is a beneficial and important thing for his business future, therefore, he obtained a loan of 100,000 YER from AMB which will be used to purchase more wedding requirements like sofas, curtains and roses in order to meet his customer`s needs.

In the future, he hopes to expand his business in order to buy a big plot of land and then use it as a wedding hall.



Loan details

Loan length:

14 months
Disbursed date: February 12, 2012
Facilitated by Field Partner: Al-Amal Microfinance Bank

Lenders and lending teams



Loan details

Loan length:

14 months
Disbursed date: February 12, 2012
Facilitated by Field Partner: Al-Amal Microfinance Bank