Al-Amal Microfinance Bank
Al-Amal Microfinance Bank started its actual operations In January 2009 on the base of five years business plan (2009-2013) and was established by Yemeni Law No. 23 of 2002 as the first Microfinance bank in the Middle East and North Africa. Its establishment came to crown efforts of the Yemeni Government, represented by SFD, and Arab Gulf Program for United Nations Development Organization (AGFUND), as also contribution and support from both Yemeni and Saudi private sectors.
Al Amal Bank is a non-profit organization seeking to offer sustainable financial services to limited and LOW INCOME households in Yemen who are excluded from the formal banking sector, particularly small and micro entrepreneurs through the provision of inclusive financial services (credit, saving, insurance, transfers, etc).
2. To Expand to all the Yemeni territories (rural and urban) through new branches and through partnership with other local institutions.
3. To be a sustainable financial institution, with qualified and efficient staff, and equipped with modern systems able to attract fund.