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Abdullah is 28 years old, married, and has a child. He lives with his family in Taiz, Yemen. He has always been a person who very much wants to get ahead and this has allowed him to overcome the great diversities life has presented him.

Abdullah has been operating a grocery store for one year. At first, he started his business with his salary from working as a soldier. Aiming to increase the variety of products he offers his customers, Abdullah is seeking a loan of 200,000 YER from AMB. This will allow him to buy basic staple items such as soft drinks, sugar, mineral waters, and canned food to offer greater variety to his customers. In this way, he hopes his business will grow and consolidate within the sector and that his customers will find good service and a wide variety of products in his store.

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
  • $3,229,175
    Funds lent in using Kiva
  • 215.0
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Abdullah to buy basic staple items such as soft drinks, sugar, mineral waters, and canned food to offer greater variety to his customers.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Sep 24, 2013
Oct 1, 2013
Currency Exchange Loss:
Nov 17, 2014