Nasreen Younas Masih Group


Status: Paying Back - Delinquent

$725.00   Loan Amount
13% repaid

About the Group

Group Name: Nasreen Younas Masih Group
Group Members: Nasreen Younas Masih
Shaista William masih
Muniran Saleena gull
Shamim akhtar Najom abid masih
Naziran begum Abdul razaq
Location: Vehari, Pakistan
Activity: Cloth & Dressmaking Supplies

About the Loan

Loan Amount: $725.00
Loan Use: To buy cloth for cloth selling business
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 21, 2009
Date Disbursed: Apr 29, 2009
Date Funded:May 21, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.6350 PKR = 1 USD



Nasreen baji is the wife of Younas Masih, who has lived in a mid-size city named Vehari, Pakistan for the past 10 years. Nasreen baji is a very hard-working lady. She manages all her household work and keeps her family happy. Her husband belongs to a cloth-selling business. He buys cloth from a city famous for its varieties named Lahore and sells to his native city Vehari. He has 6 years of experience in this business. Nasreen baji is applying for a loan to buy cloth for her husband’s cloth-selling business.



She is the group leader for four other women from her locality. Shaista baji wants a loan to buy a sewing machine for sewing clothes. Muniran baji wants a loan to buy a movie camera for her movie-making business. Shamim Akhtar baji wants a loan to buy ready-made garments to sell. Naziran begum baji wants a loan to buy fruit for her fruit-selling business.



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 Nasreen Younas Masih Group


Loan has been disbursed
 
Entrepreneur: Nasreen Younas Masih Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Nasreen Younas Masih Group, consisting of Nasreen Younas Masih, Shaista William masih, Muniran Saleena gull, Shamim akhtar Najom abid masih, Naziran begum Abdul razaq 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 22, 2009
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Kiva Help Repayment Schedule for Nasreen Younas Masih Group

  Expected Repayments Actual Repayments Comments
July 2009 $31.52 $32.86 Repayment Received
August 2009 $63.04 $65.72 Repayment Received
September 2009 $63.04 $0.00 Delinquent
October 2009 $63.04 $0.00 Delinquent
November 2009 $94.56 $0.00 Delinquent
December 2009 $63.04 Available Dec 1  
January 2010 $63.04 Available Jan 1  
February 2010 $63.04 Available Feb 1  
March 2010 $63.04 Available Mar 1  
April 2010 $63.04 Available Apr 1  
May 2010 $94.60 Available May 1