A loan of $950 helped to purchase books, gifts, and other stationary items to maintain and satisfy his customers..


Hafez's story

Hafez is a 29-year-old married man who has been living in Haja, Yemen. He earns a livelihood by being involved in a stationery business which has been in operation for many years.

His story began with his own initiative. He worked for his brother`s stationary then he was able to save an amount to establish his business. He did all of the work himself, with no set hours, and he had some difficulties to overcome.

In order to stabilize this business and compete against other entrepreneurs doing the same business, he needs sufficient funds to refill his stock of merchandise to continually operate his business smoothly. Consequently, He decided to take out a youth loan of 200,000 YER from AMB to purchase books, gifts, and other stationary items to maintain and satisfy his customers.

He hopes that he’ll develop his business successfully in the following years and be able to expand it and have it become larger.



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Loan details