Bashiran Abid Hussain Group


Status: Paying Back - Delinquent

$725.00   Loan Amount
13% repaid

About the Group

Group Name: Bashiran Abid Hussain Group
Group Members: Bashiran Abid Hussain
Siddiqan Sajjad hussain
Sakina M.Ashraf
Nazir M.Rafiq
Tasleem Shahid nazir
Location: Vehari, Pakistan
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $725.00
Loan Use: To buy seasonal fruits to sell
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 14, 2009
Date Disbursed: Apr 21, 2009
Date Funded:Apr 15, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.3100 PKR = 1 USD



Bashiran baji is 34 years old and resides in a mid-size city named Vehari, Pakistan. She has been a part of this city for the past 20 years. She successfully repaid her four previous loans from Asasah (a microfinance institute of Pakistan). Now she is applying for a fifth loan, for her husband’s fruit-selling business.


Her husband has 3 years of experience in this business. He goes to different areas of the community and sells his products by announcing them in a loud voice. Bashiran baji is a very hard-working lady. She shares the financial burden of her husband by sewing clothes.


Bashiran baji is the group leader of four other women from her locality. Siddiqan baji, Sakina bji, and Nazir baji each want a loan to buy groceries for their grocery shops. Tasleem baji wants a loan to buy seasonal fruits to sell.


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 Bashiran Abid Hussain Group


Loan has been disbursed
 
Entrepreneur: Bashiran Abid Hussain Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Bashiran Abid Hussain Group, consisting of Bashiran Abid Hussain, Siddiqan Sajjad hussain, Sakina M.Ashraf, Nazir M.Rafiq, Tasleem Shahid nazir 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 Vehari, Pakistan
Apr 21, 2009
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Kiva Help Repayment Schedule for Bashiran Abid Hussain Group

  Expected Repayments Actual Repayments Comments
July 2009 $31.52 $32.86 Repayment Received
August 2009 $94.56 $65.72 Delinquent
September 2009 $63.04 $0.00 Delinquent
October 2009 $63.04 $0.00 Delinquent
November 2009 $63.04 $0.00 Delinquent
December 2009 $63.04 Available Dec 1  
January 2010 $63.04 Available Jan 1  
February 2010 $94.56 Available Feb 1  
March 2010 $63.04 Available Mar 1  
April 2010 $63.04 Available Apr 1  
May 2010 $63.08 Available May 1