Parveen Gulzar Group


Status: Paying Back - Delinquent

$1,075.00   Loan Amount
4% repaid

About the Group

Group Name: Parveen Gulzar Group
Group Members: Parveen Gulzar
Mumtaz Khalid ameen
Nasreen Zafar iqbal
Aziza Anwar ahmad
Naseem Yaqoob masih
Location: Multan, Pakistan
Activity: Embroidery

About the Loan

Loan Amount: $1,075.00
Loan Use: To buy material for her decorative embroidery business
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 1, 2009
Date Disbursed: May 19, 2009
Date Funded:Jun 3, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.3700 PKR = 1 USD



My name is Parveen and, for the past 14 years, I have belonged to a city named Multan, Pakistan, which is famous for its shrines.

My husband’s name is Gulzar, and we both handle our decorative-embroidery business. I prepare embroidered dresses and my husband sells them to the clothes shops and earns income. We’ve been in this business for the past three years. The shopkeepers are satisfied with our work. I’m applying for a loan to buy material (colored thread, beads and cloth) to complete the orders and to earn a good income.

I’m the group leader of four other women from my locality:

Mumtaz baji and Nasreen baji each want a loan to buy material (beads, colored thread and cloth) for their decorative embroidery business.

Aziza baji and Naseem baji each want a loan to buy clothes for their clothes-selling business.




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 Parveen Gulzar Group


Loan has been disbursed
 
Entrepreneur: Parveen Gulzar Group
Location: Multan, Pakistan

Thank you for your loan. It has been disbursed to Parveen Gulzar Group, consisting of Parveen Gulzar, Mumtaz Khalid ameen, Nasreen Zafar iqbal, Aziza Anwar ahmad, Naseem Yaqoob masih 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 Multan, Pakistan
Jun 4, 2009
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Kiva Help Repayment Schedule for Parveen Gulzar Group

  Expected Repayments Actual Repayments Comments
August 2009 $93.48 $49.01 Delinquent
September 2009 $93.48 $0.00 Delinquent
October 2009 $93.48 $0.00 Delinquent
November 2009 $93.48 $0.00 Delinquent
December 2009 $93.48 Available Dec 1  
January 2010 $93.48 Available Jan 1  
February 2010 $140.22 Available Feb 1  
March 2010 $93.48 Available Mar 1  
April 2010 $93.48 Available Apr 1  
May 2010 $93.48 Available May 1  
June 2010 $93.46 Available Jun 1