Rehana Kosar Muhammad Saleem Shahid Group


Status: Paying Back - Delinquent

$1,300.00   Loan Amount
13% repaid

About the Group

Group Name: Rehana Kosar Muhammad Saleem Shahid Group
Group Members: Rehana kosar Muhammad Saleem Shahid
Jannat Abdul wahab
.Manzooran Nazir ahmad
Parveen akhtar Muhammad Yousaf
Hanifan Walayat ali
Location: Kot Radha Kishan, Pakistan
Activity: Rickshaw

About the Loan

Loan Amount: $1,300.00
Loan Use: To pay off the remaining installments of auto-rickshaw
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 22, 2009
Date Disbursed: Apr 29, 2009
Date Funded:May 23, 2009

About the Country

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



Jannat baji wants a loan to buy groceries for her grocery shop.
Manzooran baji wants a loan to buy a horse cart for loading.
Parveen akhtar baji wants a loan to buy materials (lentils, cooking oil and spices) for her food business.
Hanifan baji wants a loan to buy a buffalo for her milk-selling business.
Rehana kosar baji is the group leader of these four ladies. They all belong to a city named Kot Radha Kishan, Pakistan. Rehana baji is married to Muhammad Saleem Shahid who is a driver of a vehicle named auto-rickshaw (a local three-wheeled motor vehicle). Rehana baji helps him with her sewing clothes business. She sews clothes to pay for the utilities of her house. She is applying for a loan to pay the remaining installments of her husband’s auto-rickshaw (a local three-wheeled motor vehicle).

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 Rehana Kosar Muhammad Saleem Shahid Group


Loan has been disbursed
 
Entrepreneur: Rehana Kosar Muhammad Saleem Shahid Group
Location: Kot Radha Kishan, Pakistan

Thank you for your loan. It has been disbursed to Rehana kosar Muhammad Saleem Shahid Group, consisting of Rehana kosar Muhammad Saleem Shahid , Jannat Abdul wahab, .Manzooran Nazir ahmad, Parveen akhtar Muhammad Yousaf, Hanifan Walayat ali 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 24, 2009
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Kiva Help Repayment Schedule for Rehana Kosar Muhammad Saleem Shahid Group

  Expected Repayments Actual Repayments Comments
July 2009 $56.52 $59.43 Repayment Received
August 2009 $113.04 $118.85 Repayment Received
September 2009 $113.04 $0.00 Delinquent
October 2009 $113.04 $0.00 Delinquent
November 2009 $169.56 $0.00 Delinquent
December 2009 $113.04 Available Dec 1  
January 2010 $113.04 Available Jan 1  
February 2010 $113.04 Available Feb 1  
March 2010 $113.04 Available Mar 1  
April 2010 $113.04 Available Apr 1  
May 2010 $169.60 Available May 1