Rukhsana Akbar Ali Group


Status: Paying Back - Delinquent

$850.00   Loan Amount
18% repaid

About the Group

Group Name: Rukhsana Akbar Ali Group
Group Members: Rukhsana Akbar ali
Zeb-un-nisa Maqsood
Mukhtaran Sardar
Sakina Aslam
Location: Ismail Nagar, Pakistan
Activity: Construction Supplies

About the Loan

Loan Amount: $850.00
Loan Use: To buy construction supplies to sell
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 7, 2009
Date Disbursed: Apr 8, 2009
Date Funded:Apr 7, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.0600 PKR = 1 USD



Rukhsana baji is twenty-nine years old and has lived in Lahore, Pakistan for the last eight years. Her husband, Akbar ali, sells construction supplies. He has three years of experience in this business. Rukhsana baji is the mother of two daughters. Both of her daughters are in kindergarten. Rukhsana baji is applying for a loan to buy more construction supplies, such as cement and sand, to help her husband’s business.

She is the group leader of three other women from her locality. Zeb-un-nisa baji wants a loan to buy supplies (books, pencils and notebooks) for her book shop. Mukhtaran baji wants a loan to buy a donkey cart for loading. Sakina baji wants a loan to repair her husband’s auto-rickshaw (a local three-wheeled motor vehicle).

This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually guarantee one another's loans. If one member does not repay, the other members are responsible.





About Group Loans
In a group loan, each member of the group receives an individual loan but is part of a group of individuals bound by a group guarantee. Under this arrangement, each member of the group supports one another and is responsible for paying back the loans of their fellow group members if someone is delinquent or defaults. Learn more

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Journal entries for Rukhsana Akbar Ali Group


Loan has been disbursed
 
Entrepreneur: Rukhsana Akbar Ali Group
Location: Ismail Nagar, Pakistan

Thank you for your loan. It has been disbursed to Rukhsana Akbar ali Group, consisting of Rukhsana Akbar ali , Zeb-un-nisa Maqsood, Mukhtaran Sardar, Sakina Aslam by Asasah, a partner of Save the Children in Pakistan. We are excited to watch this business grow. Over the 11 months of this loan, Asasah, a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Ismail Nagar, Pakistan
Apr 8, 2009
Comment on this entry

Kiva Help Repayment Schedule for Rukhsana Akbar Ali Group

  Expected Repayments Actual Repayments Comments
July 2009 $73.92 $77.50 Repayment Received
August 2009 $73.92 $77.50 Repayment Received
September 2009 $110.88 $0.00 Delinquent
October 2009 $73.92 $0.00 Delinquent
November 2009 $73.92 $0.00 Delinquent
December 2009 $73.92 Available Dec 1  
January 2010 $73.92 Available Jan 1  
February 2010 $110.88 Available Feb 1  
March 2010 $73.92 Available Mar 1  
April 2010 $73.92 Available Apr 1  
May 2010 $36.88 Available May 1