Sakina Muhammad Bashir Group


Status: Paying Back - Delinquent

$1,200.00   Loan Amount
9% repaid

About the Group

Group Name: Sakina Muhammad Bashir Group
Group Members: Sakina Muhammad Bashir
Razia Muhammad sarwar
Kosar Muhammad Hussain
Ailas Muhammad sarwar
Sharifan Muhammad sharif
Location: Kasur, Pakistan
Activity: Furniture Making

About the Loan

Loan Amount: $1,200.00
Loan Use: To buy wood
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: May 22, 2009
Date Disbursed: May 15, 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



Razia baji wants a loan to buy toys for her toy shop. Kosar baji and Ailas baji each want a loan to buy scrap for their scrap businesses. Sharifan baji wants a loan to buy material (beads, colored thread, and cloth) for her decorative embroidery business.

Sakina baji is the group leader of these five ladies. They all are citizens of a city named Kasur, Pakistan. Kasur city is famous for its sweetmeats and for its shrines. Sakina baji has a very good nature and she is a very hardworking lady. She prepares "Paranda" and sells to the shops. Parandas are famous among women who use it to bind their hair tightly. Her husband's name is Muhammad Bashir, who is a carpenter and makes furniture on order. She is applying for a loan to buy wood so that her husband can complete customers' orders.

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 Sakina Muhammad Bashir Group


Loan has been disbursed
 
Entrepreneur: Sakina Muhammad Bashir Group
Location: Kasur, Pakistan

Thank you for your loan. It has been disbursed to Sakina Muhammad Bashir Group, consisting of Sakina Muhammad Bashir, Razia Muhammad sarwar, Kosar Muhammad Hussain, Ailas Muhammad sarwar, Sharifan Muhammad sharif 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 Kasur, Pakistan
May 24, 2009
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Kiva Help Repayment Schedule for Sakina Muhammad Bashir Group

  Expected Repayments Actual Repayments Comments
August 2009 $104.34 $109.47 Repayment Received
September 2009 $104.34 $0.00 Delinquent
October 2009 $104.34 $0.00 Delinquent
November 2009 $104.34 $0.00 Delinquent
December 2009 $156.51 Available Dec 1  
January 2010 $104.34 Available Jan 1  
February 2010 $104.34 Available Feb 1  
March 2010 $104.34 Available Mar 1  
April 2010 $104.34 Available Apr 1  
May 2010 $104.34 Available May 1  
June 2010 $104.43 Available Jun 1