Suraiya M. Anwar Group


Status: Paying Back - Delinquent

$650.00   Loan Amount
13% repaid

About the Group

Group Name: Suraiya M. Anwar Group
Group Members: Suraiya M. Anwar
Rani Nawab masih
Manzooran Abdul saleem
Naziran M.Akhtar
Location: Vehari, Pakistan
Activity: Rickshaw

About the Loan

Loan Amount: $650.00
Loan Use: To buy an auto-rickshaw (a local three-wheeled motor vehicle)
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 15, 2009
Date Disbursed: Apr 28, 2009
Date Funded:May 15, 2009

About the Country

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



Suraiya baji is the wife of M. Anwar who lives in Vehari, Pakistan. Vehari city is famous for its shrines. Her husband is a driver and drives a rented auto-rickshaw (a local three-wheeled motor vehicle). Her husband is a very hardworking guy but he couldn’t get all the rewards of his struggle. This hurt Suraiya baji very much. She operates a sewing clothes business. She sews clothes without thinking about day and night and collects orders from her neighbors. She saves her income in a committee and plans to buy an auto-rickshaw (a local three-wheeled motor vehicle) with the committee amount. She is applying for a loan to buy an auto-rickshaw because she is lacking Pak Rs. 15,000 for the new rickshaw.

She is the group leader of three other women from her locality. Rani baji wants a loan to buy wood to sell. Manzooran baji wants a loan to buy a donkey cart for loading. Naziran baji wants a loan to buy another juicer machine for her juice corner.

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 Suraiya M. Anwar Group


Loan has been disbursed
 
Entrepreneur: Suraiya M. Anwar Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Suraiya M. Anwar Group, consisting of Suraiya M. Anwar , Rani Nawab masih, Manzooran Abdul saleem, Naziran M.Akhtar 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 16, 2009
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Kiva Help Repayment Schedule for Suraiya M. Anwar Group

  Expected Repayments Actual Repayments Comments
July 2009 $28.26 $29.69 Repayment Received
August 2009 $56.52 $59.38 Repayment Received
September 2009 $56.52 $0.00 Delinquent
October 2009 $56.52 $0.00 Delinquent
November 2009 $84.78 $0.00 Delinquent
December 2009 $56.52 Available Dec 1  
January 2010 $56.52 Available Jan 1  
February 2010 $56.52 Available Feb 1  
March 2010 $56.52 Available Mar 1  
April 2010 $56.52 Available Apr 1  
May 2010 $84.80 Available May 1