Faryda Group


Status: Paying Back

$825.00   Loan Amount
60% repaid

About the Group

Group Name: Faryda Group
Group Members: Faryda Abdull Hamid
Pary Mohammad Nasem
Hamma Mohammad Yasen
Hafeza Ghullam Soror
Location: Kabul, Afghanistan
Activity: Tailoring

About the Loan

Loan Amount: $825.00
Loan Use: To enlarge her tailoring business
Repayment Term: 11 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 1, 2009
Date Disbursed: May 26, 2009
Date Funded:Jul 2, 2009

About the Country

Country:Afghanistan
Avg Annual Income:$1,490.00
Currency:Afghanistan Afghanis (AFN)
Exchange Rate:49.8625 AFN = 1 USD



Faryda is the group leader of the four-member Faryda group. The group members live in District 11, Kabul, Afghanistan, and are requesting money for their businesses.


Faryda wants to take a loan for her tailoring business in order to enlarge her shop.


Pary wants to take a loan for her husband’s fuel-selling business. He wants to make his shop larger.


Hamma wants to take a loan for her home-based bead-working business so that she can buy the necessary materials for her work.


Hafeza wants to take a loan for her husband’s general store. He wants to buy goods for his shop.


The group want to thank Kiva and Kiva partner, AFS, for their help for poor people.




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 Faryda Group


Loan has been disbursed
 
Entrepreneur: Faryda Group
Location: Kabul, Afghanistan

Thank you for your loan. It has been disbursed to Faryda Group, consisting of Faryda Abdull Hamid , Pary Mohammad Nasem , Hamma Mohammad Yasen , Hafeza Ghullam Soror by Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps in Afghanistan. We are excited to watch this business grow. Over the 9 months of this loan, Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kabul, Afghanistan
Jul 3, 2009
Comment on this entry

Faryda after the loan
 
Entrepreneur: Faryda Group
Location: Kabul, Afghanistan

Faryda group members could progress in a best way and all the fore members would like to mention that after the loan the can see a big change in their business and life. Because by their Kiva loan they could purchase the materials the needed for the progress of their business. Currently, they both work in a best way and would like to thank the lenders a lot.


Posted by Rohina Hamida from Kabul, Afghanistan
Aug 31, 2009
Comment on this entry

Kiva Help Repayment Schedule for Faryda Group

  Expected Repayments Actual Repayments Comments
September 2009 $247.50 $247.50 Repayment Received
October 2009 $82.50 $82.50 Repayment Received
November 2009 $82.50 $82.50 Repayment Received
December 2009 $82.50 $82.50 Repayment Received
January 2010 $82.50 Available Jan 1  
February 2010 $82.50 Available Feb 1  
March 2010 $82.50 Available Mar 1  
April 2010 $82.50 Available Apr 1