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Update on Hashim

Hashim started his business two years ago, when he worked as a pharmacist in one of the pharmacies in the capital to look after his family. He was able to accumulate a good amount of money and opened his own pharmacy. Hashem earns good profits, but he faces a hardship of inadequate capital to meet the high demand of the patients. He warmly thanks Kiva lenders who helped him in his first loan.

That loan helped him very much in developing his business and purchasing more medical requirements. His profits also increased since he become able to meet the demand of different types of customers. After he has successfully repaid all the installments, he is requesting to take another loan to expand his business more by purchasing more medical requirements. His dreams are diversifying his business and starting up a big pharmacy.

For this business, Hashim applied for a loan of 500,000 YER from AMB. He will use this loan to buy more medical requirements and medicines. Hashim looks forward to improving his business and expanding it more, as well as opening more branches in the capital city. He hopes to improve the standard of living for his family.

Previous Loan Details

Hashim is a 26-year-old single man who lives in Sana`a, Yemen. He is a doctor who studied pharmacological science. He operates a pharmacy. He resells medicines at a profit in his home town. He started his business by collecting a small amount of capital. He has attracted many clients, due to his ... More from Hashim's previous loan »

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.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.


About Yemen

  • $3,900
    Average annual income
  • 0
    View loans »
    Yemen Loans Fundraising
  • $3,229,175
    Funds lent in using Kiva
  • 214.8
    Yemen Rials (YER) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,350 helped Hashim to buy more medical requirements and medicines.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Mar 20, 2014
Apr 22, 2014
Currency Exchange Loss:
May 21, 2015
This photo was used before for a previous loan for Hashim. It was first posted on Kiva on Jul, 2013. Learn More