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Al-Amal Microfinance Bank
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Al-Amal Microfinance Bank

 About The 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 INCOMEhttp://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.png 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).

 

 Vision:

  To offer inclusive financial services for all Yemenis

 

Mission:

To improve the economic and social conditions of the Yemeni low/limited income households, particularly, the micro and small entrepreneurs of Yemen, through the direct and indirect provision of exemplary financial services that suit their needs and to become a pioneer and sustainable microfinance institution.

 

 Strategic Goals:

 1.      To Provide diversified financial services satisfying the target group’s needs and expectations.

 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.

 

 Values:

 1.      Honesty and Integrity

 2.      Commitment

 3.      Leadership

 4.      Collaboration

 5.      Excellence

 

 AL-Amal Bank website:

www.alamalbank.com

 

Small and Micro Enterprise Development Unit

Republic of Yemen

Social Fund for Development

Sixty street,Faj attan, Sana'a,Yemen

Tel :967-1-449669

Fax : 967-1-499670

 

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