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Tawheb Group
In this Group: Suod, Fatima, Insaf, Fathia, Iftehan, Ramzi, Wadee
This group is called Tawheb. It consists of five women and two men. All of them are living in Taiz, Yemen. They applied for a loan of 200,000 YER (Yemen rials).

Fathia is a 32-year-old married woman with five children, and she is living with them in her own house in one of the Taiz villages in Yemen. Her oldest child is 16 years old, and the youngest one is 3 years old. Because of the high rates of the poverty and illiteracy in the country, most people are illiterate; Fathia is one of the people who are illiterate.

The raising of goats and selling them is her sole income source, and she doesn't have another. She has started in this business many years ago. She inherited this business from her parents. Recently, she has a small amount of goats, and she wants to increase her capital. As a result, Fathia applied for a loan of 30,000 YER from AMB to buy more goats in order to raise and sell them. So, she has a good experience in raising goats and reselling them.

Fathia's dreams are to have a large farm that will allow her to provide her family with all the necessary things they need.

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 Tawheb Group's $950 loan helped a member to buy more goats in order to raise and sell them.
100% repaid
Repayment Term
12 months (Additional Information)
Repayment Schedule
Jun 11, 2014
Jul 15, 2014
Currency Exchange Loss:
May 21, 2015