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Altgarh Group
In this Group: Sarah, Saeedh, Nadrh, Aisha
This group is called Altrarh and it consists of four ladies: Saeeda, Sarah, Nadrh and Aisha, who have been operating different businesses. All of them are hardworking family women. They live in Aden, Yemen. They took a loan of 200,000 YER.

Saeeda is the leader of group. (She is the second woman from left side who wears glasses.) She is 40 years old and the mother of eight children who live together in Aden, Yemen.

She feels young and is enthusiastic to sell clothes and shoes to her lady customers. She collected a small capital from a women's association. She believes that business has been going so well because she is very friendly and is well known.

Due to the bad situation in Yemen, her business is currently bringing less profit. She requested a loan of 50,000 YER from AMB to buy additional goods such as ladies' clothes and also shoes. This will allow her to offer a greater variety to her customers and increase her income, helping her to continue working toward getting more profit and improving her living conditions.

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.

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
  • $3,225,150
    Funds lent in using Kiva
  • 213.6
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A portion of Altgarh Group's $950 loan helped a member to buy additional goods such as ladies' clothes and also shoes for her business.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
Apr 22, 2012
May 4, 2012
Currency Exchange Loss:
Apr 17, 2013