Razia Shoqat Group


Status: Paying Back - Delinquent

$750.00   Loan Amount
4% repaid

About the Group

Group Name: Razia Shoqat Group
Group Members: Razia Shoqat
Ramzan Mushtaq ahmad
Mumtaz akhtar Muhammad akhtar ali
Location: Borewala, Pakistan
Activity: Pharmacy

About the Loan

Loan Amount: $750.00
Loan Use: To buy medicines for her father's medical store
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 1, 2009
Date Disbursed: May 26, 2009
Date Funded:Jun 1, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:81.0600 PKR = 1 USD



Razia shoqat baji is an unmarried lady who has lived in Borewala, Pakistan, for the last ten years. Borewala is famous for its shrines. Razia baji operates a clothes-sewing business. She chose this business to keep herself busy. Now she enjoys doing this work because she feels independent.

Her father runs a medical store in the community. He has six years of experience in this business. She is applying for a loan to buy medicines to increase the profit of her father’s medical store.

She is the group leader of two other women from her locality:

Ramzan baji wans a loan to buy vehicle spare parts to sell.

Mumtaz akhtar baji wants a loan to repair her auto-rickshaw (a local three-wheeled motor vehicle).




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 Razia Shoqat Group


Loan has been disbursed
 
Entrepreneur: Razia Shoqat Group
Location: Borewala, Pakistan

Thank you for your loan. It has been disbursed to Razia Shoqat Group, consisting of Razia Shoqat, Ramzan Mushtaq ahmad, Mumtaz akhtar Muhammad akhtar 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 Borewala, Pakistan
Jun 2, 2009
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Kiva Help Repayment Schedule for Razia Shoqat Group

  Expected Repayments Actual Repayments Comments
August 2009 $32.61 $34.38 Repayment Received
September 2009 $65.22 $0.00 Delinquent
October 2009 $65.22 $0.00 Delinquent
November 2009 $97.83 $0.00 Delinquent
December 2009 $65.22 Available Dec 1  
January 2010 $65.22 Available Jan 1  
February 2010 $65.22 Available Feb 1  
March 2010 $65.22 Available Mar 1  
April 2010 $65.22 Available Apr 1  
May 2010 $97.83 Available May 1  
June 2010 $65.19 Available Jun 1