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Ahmed is 24 years old and lives in Sana'a, Yemen. He is a married man and a student in a university. He has experienced many difficulties in life. However, his desire to work and make progress has allowed him to overcome these difficulties.

For five years, he has been working hard to manage his small business selling ladies' clothes. He started the business with the support of his dad. Thanks to his good customer service, he has gained a very good customer base.

With the aim of stocking his business, he would like to take out a youth loan of 300,000 Yemeni rials from AMB. This loan will allow him to buy more ladies' clothes for resale, such as skirts, dresses, blouses, robes and shirts. This will enable him to offer his customers a larger variety of products. He hopes to be able to continue making the income he needs to offer his family a better quality of life.

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
  • $3,229,175
    Funds lent in using Kiva
  • 214.1
    Yemen Rials (YER) = $1 USD