Muhammad Aliam Group


Status: Paying Back

$550.00   Loan Amount
75% repaid

About the Group

Group Name: Muhammad Aliam Group
Group Members: Muhammad Aliam Gul Alam
Aziz Muhammad Gul Alam
Location: Kabul, Afghanistan
Activity: Taxi

About the Loan

Loan Amount: $550.00
Loan Use: Expanding business.
Repayment Term: 10 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 1, 2009
Date Disbursed: Apr 30, 2009
Date Funded:May 4, 2009

About the Country

Country:Afghanistan
Avg Annual Income:$1,490.00
Currency:Afghanistan Afghanis (AFN)
Exchange Rate:51.5100 AFN = 1 USD



Muhammad Aliam is the group leader of the Muhammad Aliam group. They have two members and request a loan of 28000 Afghani for the term of eight months.

Muhammad wants a loan for his metal working shop. Aziz Muhammad needs a loan for his taxi business. They like this loan process.





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 Muhammad Aliam Group


Loan has been disbursed
 
Entrepreneur: Muhammad Aliam Group
Location: Kabul, Afghanistan

Thank you for your loan. It has been disbursed to Muhammad Aliam Group, consisting of Muhammad Aliam Gul Alam, Aziz Muhammad Gul Alam by Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps in Afghanistan. We are excited to watch this business grow. Over the 8 months of this loan, Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kabul, Afghanistan
May 5, 2009
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Muhammad Aliam group after the loan
 
Entrepreneur: Muhammad Aliam Group
Location: Kabul, Afghanistan

Muhammad Aliam group could bring lots of changes their business after the loan. Muhammad Aliam could buy more necessary materials for his business now he has a satisfactory monthly income and is able to support his wife and his children and to complete all their necessities. Aziz Muhammad could make his taxi. They are thanking from AFS and Kiva lenders.


Posted by rashed faqriy from Kabul, Afghanistan
Jul 27, 2009
Comment on this entry

Kiva Help Repayment Schedule for Muhammad Aliam Group

  Expected Repayments Actual Repayments Comments
July 2009 $68.75 $68.75 Repayment Received
August 2009 $68.75 $68.75 Repayment Received
September 2009 $68.75 $68.75 Repayment Received
October 2009 $68.75 $68.75 Repayment Received
November 2009 $68.75 $68.75 Repayment Received
December 2009 $68.75 $68.75 Repayment Received
January 2010 $68.75 Available Jan 1  
February 2010 $68.75 Available Feb 1