Salam Malik Muhammad Din Group


Status: Paying Back - Delinquent

$1,000.00   Loan Amount
4% repaid

About the Group

Group Name: Salam Malik Muhammad Din Group
Group Members: Salam Malik Muhammad din
Rasheeda Muhammad aslam
Farhat Qaiser
Sakina Yaseen
Location: Kasur, Pakistan
Activity: Crafts

About the Loan

Loan Amount: $1,000.00
Loan Use: To buy thread and beads for her paranda-making 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 1, 2009

About the Country

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



My name is Salam and I have lived in Kasur, Pakistan, for the past fifteen years. Kasur city is famous for its shrines and for its sweetmeats.

I run a paranda-making business. A paranda is an item used to tie back the hair tightly. I can prepare simple and stitched parandas easily, and then I sell them in the community to earn income. My husband name is Malik Muhammad din who is a daily-wage laborer. I do this business to manage the financial expenses because my husband’s earnings are insufficient. I am applying for a loan to buy material (thread, beads) to expand my paranda-making business.

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

Rasheeda baji wants a loan to buy leather for her shoe-making business.

Farhat baji wants a loan to buy clothes for her clothes-selling business.

Sakina baji wants a loan to buy material (thread and beads) for her paranda-making 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 Salam Malik Muhammad Din Group


Loan has been disbursed
 
Entrepreneur: Salam Malik Muhammad Din Group
Location: Kasur, Pakistan

Thank you for your loan. It has been disbursed to Salam Malik Muhammad din Group, consisting of Salam Malik Muhammad din, Rasheeda Muhammad aslam, Farhat Qaiser, Sakina Yaseen 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 2, 2009
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Kiva Help Repayment Schedule for Salam Malik Muhammad Din Group

  Expected Repayments Actual Repayments Comments
August 2009 $86.96 $46.35 Delinquent
September 2009 $86.96 $0.00 Delinquent
October 2009 $86.96 $0.00 Delinquent
November 2009 $86.96 $0.00 Delinquent
December 2009 $86.96 Available Dec 1  
January 2010 $86.96 Available Jan 1  
February 2010 $130.44 Available Feb 1  
March 2010 $86.96 Available Mar 1  
April 2010 $86.96 Available Apr 1  
May 2010 $86.96 Available May 1  
June 2010 $86.92 Available Jun 1