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Abdulbari is a 31-year-old married man with only one child, living with his family in Sana'a,Yemen. He studied till secondary school.

Abdulbari spent many years as a driver of his friend's taxi. His salary from that business was very low, and it was not enough to cover all the expenses of his family. In time, he accumulated a good amount of money in order to begin his own business. This business is purchasing and driving a taxi to improve the living standards of his family. He conveys the people to many places and streets of the capital city of Sana'a. He earns good profits from this business. He works 19 hours daily and Sunday to Sunday. His taxi became very tired and also old. It needs to be repaired and maintained. For this reason, Abdulbari is requesting a loan of 100,000 YER from AMB in order to repair and maintain his taxi.

Abdulbari looks forward to purchasing a new taxi that will help him tp improve the living standards of his family.

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
  • $3,229,175
    Funds lent in using Kiva
  • 214.9
    Yemen Rials (YER) = $1 USD