Check out some available loans that are similar to this one!
Abdullah is 28-years-old man, who lives in Sana`a, Yemen. He has worked very hard for many years to get his family ahead and give them everything they deserve. He has a grocery store and it is his main source of income. He started his business three years ago. His business was initially started with limited capital and didn't run well enough to make much profit.

His dream is to see his store flourish. Due to the current bad situation in Yemen, he has less profit from his enterprise. So, he took a loan of 200,000 Yemeni Rial (YER) from AMB to stock his business with grocery products so that his customers will always find what they need and keep coming back. In the future, he hopes to be able to get his family ahead and give them better opportunities in life.

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
  • 214.8
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $950 helped Abdullah to stock his business with grocery products so that his customers will always find what they need .
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Jan 30, 2014
Feb 7, 2014
Currency Exchange Loss:
Mar 19, 2015