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Fares is a 22-year-old single man. He lives in Sana'a, Yemen. His business is a cafeteria, which he has been running for a few years. He offers his customers all types of staple products, such as hot drinks, fresh juices and sandwiches. In addition, he has employed five workers in his business. The business allows him to support his family. Fares says that he is already established with customers in the area and highly esteemed by his neighbors and customers, who consider him a responsible man. He has been able to attract his clients because he makes all types of delicious foods and tasty juices. He wants to acquire more products with which he can grow his business in order to achieve his objective, so he applied for a loan of 200,000 YER from AMB to buy food items such as beans, sugar, cheese, eggs and fruits. Fares appears in the photo and his customer is seen sitting down behind him.

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
  • $3,225,150
    Funds lent in using Kiva
  • 214.9
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Fares to buy food items such as beans, sugar, cheese, eggs and fruits for his business.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Nov 6, 2013
Nov 8, 2013
Currency Exchange Loss:
Dec 17, 2014