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Muath is a 29-year-old man, married and a father of three children. He lives in Taiz, Yemen. He has a barber store which has been operating for two years.

He started his business with limited capital that qualified him to open his business. He has some regular customers and is quite preferred in the zone because he always strives to offer his customers good services. He is a professional in his field.

Lately, he’s noticed that competition has become quite fierce, so he’s decided to take the situation in hand because this business is his main source of income, and he always wants to stay one step ahead of his competition. He requested a youth loan of 300,000 YER from AMB. With this loan, he’ll expand his business by making decoration for his salon and buying barber supplies.

In the future, he hopes his family will attain better living conditions and that he’ll be able to maintain his business for more time.

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
  • 215.1
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,400 helped Muath to make decoration for his salon and to buy barber supplies.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Oct 10, 2012
Oct 18, 2012
Currency Exchange Loss:
Nov 17, 2013