Funded

Total loan: $1,875
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Nael

Yemen
Taiz, Yemen / Grocery Store

A loan of $1,875 helped to purchase the grocery supplies that his shop needs.


Nael's story

Nael is a 24-year-old man. He lives in Taiz, Yemen. Nael`s business is a grocery store, which he started 3 years ago with limited capital provided by his grandfather. It is the main source of income for feeding his family. Though he has been working hard, he can`t meet his customers' demands due to limited capital, as wholesalers require cash payment to provide him with grocery supplies. He has managed to attract more clients. He was happy about attracting new clients, but on the other hand, the financial challenge of meeting customers' demand is hindering his business progress and growth. Therefore, he took out a loan of 400,000 YER in order to purchase the grocery supplies that his shop needs. He hopes to expand his business more to be a successful entrepreneur in the area.



Loan details

Loan length:

15 months
Disbursed date: July 25, 2013
Facilitated by Field Partner: Al-Amal Microfinance Bank

Lenders and lending teams



Loan details

Loan length:

15 months
Disbursed date: July 25, 2013
Facilitated by Field Partner: Al-Amal Microfinance Bank