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Blsm Group
In this Group: Fatima, Saba, Fathia, Jihan
This group called BLSM consists of four members who are all females: Saba, Fathia, Jihan and Fatima. All of them are friends from Taiz, Yemen. They primarily work together in small businesses like selling clothes. The group took a loan of 150,000 YER.

Saba is a 23-year-old married woman (she is the woman who is standing up in the center of the photo). She has been running her business for three years. To meet the needs of her family, she started selling clothes in a market. She has already benefited from the first loan that she requested from AMB. She has successfully repaid her loan and has saved a considerable amount.

Now she requested a second youth loan of 30,000 YER from AMB. She is going to reinforce her supply by buying more clothing products such as shirts, pants and scarves to increase the profit from her business.

In the future, Saba plans to develop her business into a clothing shop.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Yemen

  • $3,900
    Average annual income
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,229,175
    Funds lent in using Kiva
  • 216.0
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Blsm Group's $700 loan helped a member to buy more clothes such as shirts, pants and scarves for her business .
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Mar 13, 2012
Mar 21, 2012
Currency Exchange Loss:
Feb 15, 2013