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Zohair is 27 years old, a married man who lives together with his wife in Sana`a,Yemen. His business is buying and selling groceries (grocery store). His store is located in his own home. He has been running his business very well and in recent years it has provided for his family. He started his business with very little working capital but, owing to his commitment, he now has a store with regular customers who provide very good references on the service that he provides which is very popular with the customers. Zohair's store is very popular with his neighbors who provide very good references for both himself and his family.

He would like to continue growing his business as he knows that he still has demands to satisfy. He would like to buy a variety of merchandise and more groceries so that he does not neglect his customers' needs. He is requesting a youth loan for 150,000 YER from AMB so that he can buy grocery items such as rice, soft drinks, mineral water and sugar, etc. that will increase his profit and thus his income.

In the future, he would like to provide his wife with a better quality of life and his future children with a better education.

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
  • $3,225,150
    Funds lent in using Kiva
  • 216.5
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $700 helped Zohair to buy grocery items such as rice, soft drinks, mineral water and sugar, etc.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Feb 29, 2012
Mar 13, 2012
Currency Exchange Loss:
Feb 15, 2013