Bushra Muhammad Afzal Group


Status: Paying Back - Delinquent

$2,200.00   Loan Amount
8% repaid

About the Group

Group Name: Bushra Muhammad Afzal Group
Group Members: Bushra Muhammad Afzal
Saima Shahzad
Zareena Yousaf masih
Sakina Rahmat ali
Sugran Abdul rahman
Salma Shahzad
Parveen Fatima Shahbaz nadir
Kareema Muhammad ameen
Shahida parveen Muhammad ali
Location: Kasur, Pakistan
Activity: Retail

About the Loan

Loan Amount: $2,200.00
Loan Use: To buy leather to sell
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 1, 2009
Date Disbursed: May 18, 2009
Date Funded:Jun 16, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.2423 PKR = 1 USD



Bushra baji is the leader of a loan group that includes eight other women from her locality. Bushra baji is a very hardworking lady who sells kites. She has chosen this business because it’s profitable and people retain interest in flying kites. Bushra baji works to help ease the financial burden of her husband, who buys leather and sells it to factories. Bushra baji is applying for a loan to buy leather to help increase her husband's profits.

The other members of the group also have goals for this loan.

Saima baji and Zareena baji each want a loan to buy leather to resell.
Sakina baji wants a loan to buy timber to sell.
Sugran baji wants a loan to buy another motorbike for her bike rental business.
Salma baji wants a loan to buy another video game for her video game shop.
Parveen Fatima baji wants a loan to buy kites for her kite sales business.
Kareema baji wants a loan to buy mobile phones for her mobile phone sales business.
Shahida Parveen baji wants a loan to buy goats to sell.

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 Bushra Muhammad Afzal Group


Loan has been disbursed
 
Entrepreneur: Bushra Muhammad Afzal Group
Location: Kasur, Pakistan

Thank you for your loan. It has been disbursed to Bushra Muhammad Afzal Group, consisting of Bushra Muhammad Afzal, Saima Shahzad, Zareena Yousaf masih, Sakina Rahmat ali, Sugran Abdul rahman, Salma Shahzad, Parveen Fatima Shahbaz nadir, Kareema Muhammad ameen, Shahida parveen Muhammad 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 Kasur, Pakistan
Jun 17, 2009
Comment on this entry

Kiva Help Repayment Schedule for Bushra Muhammad Afzal Group

  Expected Repayments Actual Repayments Comments
August 2009 $191.30 $180.19 Delinquent
September 2009 $191.30 $0.00 Delinquent
October 2009 $191.30 $0.00 Delinquent
November 2009 $191.30 $0.00 Delinquent
December 2009 $191.30 Available Dec 1  
January 2010 $286.95 Available Jan 1  
February 2010 $191.30 Available Feb 1  
March 2010 $191.30 Available Mar 1  
April 2010 $191.30 Available Apr 1  
May 2010 $191.30 Available May 1  
June 2010 $191.35 Available Jun 1