Hanifan M. Hanif Group


Status: Paying Back - Delinquent

$575.00   Loan Amount
13% repaid

About the Group

Group Name: Hanifan M. Hanif Group
Group Members: Hanifan M. Hanif
Shaher bano Ramzan
Seema M.Riaz
Zahooran Ghulam rasool
Location: Vehari, Pakistan
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $575.00
Loan Use: To buy a new donkey cart
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 14, 2009
Date Disbursed: Apr 30, 2009
Date Funded:May 16, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.8350 PKR = 1 USD



Hanifan baji is a 58-year-old married lady and has been a citizen of Vehari, Pakistan for the last 20 years. Her husband is M. Hanif and he is a fruit seller by profession. He has been selling fruit for the last six years. He sells his products in different communities by calling in a loud voice. Hanifan baji helps him by arranging the fruits on the cart. She is applying for a loan to buy a donkey cart because his old cart is rough.

She is the group leader of three other women from her locality. Shaher bano baji, Seema baji and Zahooran baji each want a loan to buy bed sheets 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 Hanifan M. Hanif Group


Loan has been disbursed
 
Entrepreneur: Hanifan M. Hanif Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Hanifan M. Hanif Group, consisting of Hanifan M. Hanif , Shaher bano Ramzan, Seema M.Riaz, Zahooran Ghulam rasool 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
May 17, 2009
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Kiva Help Repayment Schedule for Hanifan M. Hanif Group

  Expected Repayments Actual Repayments Comments
July 2009 $25.00 $26.25 Repayment Received
August 2009 $50.00 $52.50 Repayment Received
September 2009 $50.00 $0.00 Delinquent
October 2009 $50.00 $0.00 Delinquent
November 2009 $50.00 $0.00 Delinquent
December 2009 $75.00 Available Dec 1  
January 2010 $50.00 Available Jan 1  
February 2010 $50.00 Available Feb 1  
March 2010 $50.00 Available Mar 1  
April 2010 $50.00 Available Apr 1  
May 2010 $50.00 Available May 1  
June 2010 $25.00 Available Jun 1