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Fawaz is a 23-year-old, married man who lives in Taiz, Yemen. He has gone through some hardships in his life. However, because of his dedication and desire to get ahead in life, he has been able to overcome these difficulties and make progress, together with his family. He owns a spice shop where he offers basic consumer goods for sale. He has been operating his business for two years. He started his business with a small grocery store, then he sold it to his brother and was able to establish a spice shop. Recently, his inventory of merchandise has diminished considerably. With the intention of increasing the quantity of products that he offers, he wants to buy more food products to display for his customers. However, he does not have enough capital to make all of these purchases. For this reason, he requested a loan of 200,000 YER from AMB. This loan will allow him to buy different kinds of spices in order to expand his business. In the future, he would like to expand his business to increase his profits.

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
  • $3,227,950
    Funds lent in using Kiva
  • 214.8
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Fawaz to buy different kinds of spices in order to expand his business.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Oct 7, 2013
Nov 2, 2013
Currency Exchange Loss:
Apr 16, 2014