Mahran Nazir Ahmad Group


Status: Paying Back - Delinquent

$775.00   Loan Amount
13% repaid

About the Group

Group Name: Mahran Nazir Ahmad Group
Group Members: Mahran Nazir ahmad
Zarina M.arshad
Shamim akhtar Khadim hussain
Naziran Khan Mohammad
Kosar Alim din
Location: Vehari, Pakistan
Activity: Transportation

About the Loan

Loan Amount: $775.00
Loan Use: To buy a new donkey cart
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 14, 2009
Date Disbursed: Apr 28, 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



Mahran baji is the wife of Nazir ahmad who has been living in Vehari, Pakistan for the last 11 years. Her husband is a loader by profession. He loads different items (e.g. construction supplies, fruits & vegetables) on carts and delivers them to the specified places. She is the mother of three kids: two daughters and one son. All of her kids are getting an education from a school located near to the house. Mahran baji is a very determined lady. She knows that her husband’s income is small but she never realized him about it. She supports him financially by selling thread. She is applying for a loan to buy a new donkey cart because the old cart is rough and rotted.

She is the group leader of four other women from her locality. Zarina baji wants a loan to buy another juicer machine for her juice corner. Shamim akhtar baji wants a loan to buy a donkey cart for loading. Naziran baji wants a loan to buy material (chairs, mirrors and scissors) for her salon. Kosar 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 Mahran Nazir Ahmad Group


Loan has been disbursed
 
Entrepreneur: Mahran Nazir Ahmad Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Mahran Nazir ahmad Group, consisting of Mahran Nazir ahmad , Zarina M.arshad, Shamim akhtar Khadim hussain, Naziran Khan Mohammad, Kosar Alim din 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 Mahran Nazir Ahmad Group

  Expected Repayments Actual Repayments Comments
July 2009 $33.70 $35.42 Repayment Received
August 2009 $67.40 $70.83 Repayment Received
September 2009 $67.40 $0.00 Delinquent
October 2009 $67.40 $0.00 Delinquent
November 2009 $101.10 $0.00 Delinquent
December 2009 $67.40 Available Dec 1  
January 2010 $67.40 Available Jan 1  
February 2010 $67.40 Available Feb 1  
March 2010 $67.40 Available Mar 1  
April 2010 $67.40 Available Apr 1  
May 2010 $101.00 Available May 1