Shamim Aftab Ahmad Group


Status: Paying Back - Delinquent

$1,950.00   Loan Amount
0% repaid

About the Group

Group Name: Shamim Aftab Ahmad Group
Group Members: Shamim Aftab Ahmad
Safia Mushtaq ahmad
Rubina Muhammad ashraf
Shahla Shakeel ahmad
Suraiya Muhammad yousaf
Location: Raiwind, Pakistan
Activity: Grocery Store

About the Loan

Loan Amount: $1,950.00
Loan Use: To buy groceries for grocery shop.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 15, 2009
Date Disbursed: Jun 19, 2009
Date Funded:Jun 19, 2009

About the Country

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




Shamim baji, the wife of Aftab Ahmad, has lived in the mid-sized city of Riwind, Pakistan for the past 15 years. Her husband has been running a grocery shop in the community for the past five years, his good service garnering many customers. Shamim baji operates a cloth-selling business based upon the orders she receives from her neighbors, saving her income in a committee from which she plans to buy more clothes. Shamim baji is applying for a loan to buy groceries to expand her husband’s grocery shop.



The other members of this group loan are as follows:
Safia baji wants a loan to buy bed sheets to sell.
Rubina baji wants a loan to buy another motorbike for her bike-rental business.
Shahla baji wants a loan to buy utensils to sell.
Suraiya baji wants a loan to buy embroidery material (beads, colored thread and clothes) for preparing decorative embroidered dresses.



The funds in this group loan will be distributed among the group members, each of whom will invest in her own business. The members 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 Shamim Aftab Ahmad Group


Loan has been disbursed
 
Entrepreneur: Shamim Aftab Ahmad Group
Location: Raiwind, Pakistan

Thank you for your loan. It has been disbursed to Shamim Aftab ahmad Group, consisting of Shamim Aftab Ahmad , Safia Mushtaq ahmad, Rubina Muhammad ashraf, Shahla Shakeel ahmad, Suraiya Muhammad yousaf 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 Raiwind, Pakistan
Jun 20, 2009
Comments (1)

Kiva Help Repayment Schedule for Shamim Aftab Ahmad Group

  Expected Repayments Actual Repayments Comments
September 2009 $169.56 $0.00 Delinquent
October 2009 $169.56 $0.00 Delinquent
November 2009 $169.56 $0.00 Delinquent
December 2009 $169.56 Available Dec 1  
January 2010 $169.56 Available Jan 1  
February 2010 $169.56 Available Feb 1  
March 2010 $254.34 Available Mar 1  
April 2010 $169.56 Available Apr 1  
May 2010 $169.56 Available May 1  
June 2010 $169.56 Available Jun 1  
July 2010 $169.62 Available Jul 1