Al-Amal Green Finance Initiative: Advancing Green Skills and Solar Energy Access Qorus-Infosys Finacle Banking Innovation Awards 2026

The Al-Amal Green Finance Initiative (AGFI) was launched by Al-Amal Microfinance Bank (AMB) to integrate sustainability, green skills, and renewable energy solutions into the bank’s operations and financial services in Yemen. The initiative aims to strengthen institutional capacity for environmentally responsible practices while expanding access to clean energy solutions for households and small businesses.

AGFI was developed in response to Yemen’s energy shortages, high reliance on fossil fuels, and the growing need for sustainable livelihoods. By embedding green finance and skills development within a microfinance institution, AMB aims to contribute to environmental sustainability while supporting economic resilience in a fragile context.

The initiative draws inspiration from global green finance practices and climate-smart microfinance models, while adapting them to Yemen’s local context. AGFI combines training, awareness-raising, renewable energy adoption, and green financial services to create a comprehensive approach to sustainability.

Several departments within AMB collaborate to implement the initiative, including Operations, Credit, Training and Capacity Development, Sustainability/Environmental Risk Management, and Branch Management. The initiative also involves partnerships with international organisations such as the World Bank and UNOPS.

Key results achieved so far include training more than 500 staff and stakeholders in green practices, installing solar energy systems at the Head Office and four branches, financing 2,145 clients through green finance solutions, and enabling access to solar energy for over 61,000 beneficiaries. These outcomes demonstrate how financial institutions can promote green skills, reduce environmental impact, and expand sustainable energy access.