A loan of $700 helped to buy religious pictures, gifts,perfumes and o`clockes for his business.

Hamoud's story

Hamoud is a 25-year-old single man who lives in Sana`a. He studies for a bachelor degree and has been operating a shop selling books and clocks. He has three years of experience in this field and has gained the skills and experience necessary to be a successful entrepreneur.

He has learned both market prices and his customers' needs very well. Hence, he usually buys merchandise for lower prices than his competitors and resells it more profitably. Stationary is in high demand because there are a lot of schools and institutes where these supplies help to facilitate their work.

Hamoud would like to expand his business in order to buy religious pictures, gifts, perfumes and clocks, and for this purpose he has applied for a youth loan of 150,000 Yemeni Rial (YER) from AMB.

In the future, he wishes to increase his sales in order to get married and improve the living conditions of his family as well as open a telecommunication shop.

Loan details

Lenders and lending teams

Loan details