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Emad is a 28-year-old, married man. He has one child and lives in Sana`a, Yemen. He owns a small shop for selling mobile phones and their accessories. He offers to sell mobile phones with affordable and competitive prices, and he provides all the needed mobile phone accessories for his customers. He established his business in 2012, with capital provided by his dad. He is gradually gaining experience through his business, and he is gaining a good reputation in the neighborhood.

He is requesting a Youth Loan of 500,000 YER. He will use the loan to buy phones and their accessories, which will increase his mobile phone inventory. He aims to grow his business and increase his revenues, so that he may provide his family with a better living standard.

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
  • 1
    View loans »
    Yemen Loans Fundraising
  • $3,229,175
    Funds lent in using Kiva
  • 214.5
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Emad to buy mobile phones and their accessories, which will increase his inventory of phones and accessories available for sale.
100% repaid
Repayment Term
21 months (Additional Information)
Repayment Schedule
Apr 28, 2013
Apr 30, 2013
Currency Exchange Loss:
Dec 17, 2014