Check out some available loans that are similar to this one!
Mohammed is now 32 years old. He is a married man with two children, who lives in Taiz, Yemen. His oldest child is five years old and the youngest one is three years old. Because of the hard conditions in the country, most Yemeni people expatriated outside. Mohammed expatriated to Saudi Arabia many years ago, but, due to the immigrant crisis between Yemen and Saudi Arabia, most Yemeni immigrants came back home. Mohammed was one of them, but he was able to accumulate a good amount of money there. When he came from immigration, he opened a café in Taiz city. Now he earns good profits, but most of what he earns goes to the expenses of his family. Mohammed wants to improve the activity inside his café. Unfortunately, he doesn't have enough money for that. For this reason, Mohammed applied for a loan of 200,000 YER from AMB in order to purchase more of goods and products for the café.
Mohammed looks forward to providing his family with a lot of money. He hopes to increase both his clientele and income.

Additional Information

More information about this loan

This loan is governed by Islamic lending principles. Because Islamic Law prohibits the charging of interest, Al-Amal is charging 0% interest on this loan. This is a Murabaha loan, which means that Al-Amal purchases goods for borrowers and charges a fee or mark-up. Click here to learn more about this loan type and Kiva's approach to lending in the Islamic world.   

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 Mohammed to purchase more goods and products for the café.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 25, 2014
Apr 15, 2014
Currency Exchange Loss:
May 21, 2015