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Zubida 2 Group
In this Group: Rockia, Aesha, Zubida, Zinab
This group is called Zubida 2. It consists of four women who are all hard working. They live in Hodeidah, Yemen. They have taken a loan of 220,000 YER.

Zubida is 47 years old and a divorced woman with four children. Her oldest child is 24 years old and the youngest one is 18 years old. She is an uneducated woman. She has a strong determination to improve her standard of living. After getting a divorce from her husband, Zubida decided to start her own business in order to cover all the expenses of the house. In the beginning, she had a small amount of money, which she had saved up herself. Zubida invested that money in her own business. She has run her business for seven years, selling makeup, accessories, and perfume in order to cover all the expenses of the family. She sees this business as a profitable for her. To expand her business further, Zubida requested a loan of 60,000 YER from AMB in order to purchase more accessories, makeup, cosmetics, and perfume to sell to the women in her area.

Zubida expects a boost in her income. She looks forward to expanding her business by opening a store for selling incense and perfume.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.


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 portion of Zubida 2 Group's $1,025 loan helped a member to purchase more accessories, makeup, cosmetics, and perfume to sell to the women in her area.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
May 18, 2014
May 24, 2014
Currency Exchange Loss:
Jul 29, 2015