Mukhtaran Group


Status: Paying Back - Delinquent

$1,025.00   Loan Amount
17% repaid

About the Group

Group Name: Mukhtaran Group
Group Members: Mukhtaran Kako masih
Nasreen Manzoor
Bashiran Halkar masih
Suraiya Aslam yousaf
Hina Rafiq
Location: Kot Radha Kishan, Pakistan
Activity: Dairy

About the Loan

Loan Amount: $1,025.00
Loan Use: To buy another buffalo for her milk selling business.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 21, 2009
Date Disbursed: Apr 28, 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



Mukhtaran baji is the leader of this group with four other female members. All of these women run their own businesses and use the earnings to pay off their home utility bills. Mukhtaran baji plans to use the loan to buy another buffalo for her milk sales business. Nasreen baji will buy scrap for her scrap business and Bashiran baji will buy shoes to resell. Suraiya baji wants a loan to buy mason tools and Hina baji will buy some creams, cosmetics, and a hair dryer for her beauty salon.

As a group loan, the funds will be distributed among the group members, each of whom will invest in her own business. The members mutually agree to guarantee the entire loan, that is, 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 Mukhtaran Group


Loan has been disbursed
 
Entrepreneur: Mukhtaran Group
Location: Kot Radha Kishan, Pakistan

Thank you for your loan. It has been disbursed to Mukhtaran Group, consisting of Mukhtaran Kako masih, Nasreen Manzoor, Bashiran Halkar masih, Suraiya Aslam yousaf, Hina Rafiq 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 Kot Radha Kishan, Pakistan
May 22, 2009
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Kiva Help Repayment Schedule for Mukhtaran Group

  Expected Repayments Actual Repayments Comments
July 2009 $44.57 $58.33 Repayment Received
August 2009 $89.14 $116.67 Repayment Received
September 2009 $89.14 $0.00 Delinquent
October 2009 $89.14 $0.00 Delinquent
November 2009 $133.71 $0.00 Delinquent
December 2009 $89.14 Available Dec 1  
January 2010 $89.14 Available Jan 1  
February 2010 $89.14 Available Feb 1  
March 2010 $89.14 Available Mar 1  
April 2010 $89.14 Available Apr 1  
May 2010 $133.60 Available May 1