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Mohammed is 26 years old, a married man who lives in Sana`a with their two children of 2 and 1 years of age. He has been operating a grocery store that sells basic products for 3 years. He started his business with supporting capital from his mother in order to open this grocery that would be able to support his young family. Because of his dedication to his work, he has been able to attract customers to his business.

Mohammed said he needs to fill his store with more food products in order to serve his customers. So he applied for a youth loan of 100,000 YER from AMB to buy more merchandise for his store like soft drinks, mineral water, beans, biscuits, eggs, oil, etc. that bring in more profit.

In the future, Mohammed would like to expand his business to open a wholesale store instead of his grocery.

Additional Information

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
  • $3,227,950
    Funds lent in using Kiva
  • 213.5
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Mohammed to buy more merchandise for his business like soft drinks, mineral water, beans, biscuits, eggs, oil, etc.
100% repaid
Repayment Term
11 months (Additional Information)
Repayment Schedule
Feb 19, 2012
Feb 25, 2012
Currency Exchange Loss:
Dec 15, 2012