Allah Rakhi Muhammad Aslam Group


Status: Paying Back - Delinquent

$850.00   Loan Amount
0% repaid

About the Group

Group Name: Allah Rakhi Muhammad Aslam Group
Group Members: Allah rakhi Muhammad Aslam
Zahida Azhar hussain
Majeedan Niaz
Shamim Abdul waheed
Kishwar Muhammad aslam
Location: Shalimar, Pakistan
Activity: Blacksmith

About the Loan

Loan Amount: $850.00
Loan Use: To buy iron for her husband to make iron items to sell
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 15, 2009
Date Disbursed: Jun 16, 2009
Date Funded:Jun 15, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.1600 PKR = 1 USD



Zahida baji wants a loan to buy tea to sell.

Majeedan baji wants a loan to buy seasonal fruits for her fruit-selling business.

Shamim baji wants a loan to buy embroidery material (colored thread, beads and clothes) for her decorative-embroidery business.

Kishwar baji wants a loan to buy scrap for her scrap business.

Allah rakhi baji is the group leader of these above mentioned ladies. These all are very hardworking ladies. They run their own businesses to support their families.

Allah rakhi baji runs her decorative-embroidery business. She takes orders from her neighbors and from the clothes shops. She completes each dress in five to ten days and saves her income and uses it on need. She is married to Muhammad Aslam who is a blacksmith and makes iron rods and iron chains. He has been doing this business for the past five years. She is applying for a loan to buy iron for her husband’s blacksmith 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 Allah Rakhi Muhammad Aslam Group


Loan has been disbursed
 
Entrepreneur: Allah Rakhi Muhammad Aslam Group
Location: Shalimar, Pakistan

Thank you for your loan. It has been disbursed to Allah rakhi Muhammad Aslam Group, consisting of Allah rakhi Muhammad Aslam, Zahida Azhar hussain, Majeedan Niaz, Shamim Abdul waheed, Kishwar Muhammad aslam 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 Shalimar, Pakistan
Jun 16, 2009
Comments (1)

Kiva Help Repayment Schedule for Allah Rakhi Muhammad Aslam Group

  Expected Repayments Actual Repayments Comments
September 2009 $73.92 $0.00 Delinquent
October 2009 $73.92 $0.00 Delinquent
November 2009 $73.92 $0.00 Delinquent
December 2009 $73.92 Available Dec 1  
January 2010 $73.92 Available Jan 1  
February 2010 $110.88 Available Feb 1  
March 2010 $73.92 Available Mar 1  
April 2010 $73.92 Available Apr 1  
May 2010 $73.92 Available May 1  
June 2010 $73.92 Available Jun 1  
July 2010 $73.84 Available Jul 1