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Ahmed is 47 years old and married, the father of five children, living in Aden, Yemen.

Ahmed`s business is a grocery store that he started three years ago with limited capital and income. He knows how to attract customers through the service he provides and the prices he offers. His main customers are homemakers living in his neighborhood and the local community. So he is working hard to continually provide income for the family's everyday expenses.

Being an ambitious man, he would like to expand his business to provide for his clients' needs and get more profit. So he took a youth loan of YER 200,000 from AMB to purchase grocery goods for his business.

In the future, he hopes to expand his business to offer a good life for his family.

Additional Information

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
  • 214.9
    Yemen Rials (YER) = $1 USD