Terms of Financing

Financing Conditions

• The client must be of Yemeni nationality (for individuals).

• The company or institution's main headquarters must be in Yemen (for entities).

• The client must be legally qualified to obtain financing (of legal age and capacity).

• The client's age must be between 18 and 60 years old.

• Submission of a valid personal ID (ID card or passport).

• Submission of legal documents such as a commercial register and business license (for entities).

• The client must have a good personal and credit reputation.

• Proof of the ability to repay installments through a stable income or a reliable financial source.

• The client must not have an active loan with another microfinance institution or bank.

• The client must have sufficient financial and administrative competence to manage their business activity.

• The client must provide a commercial guarantee or collateral equal to or greater than the value of the financing.

• The client's residence or company's headquarters must be within the operating area of the bank's branch.

• The client or the guarantor must own their residence, or both.

• The client must not be on the blacklist circulated by the Central Bank.