Nafesa Group
Status: Paying Back
| $650.00 | Loan Amount |
|---|
About the Group
| Group Name: | Nafesa Group |
|---|---|
| Group Members: |
Nafesa Mohammad Asmail Bibi Mareyam Mohammad Dawod Hama Mohammad Rafeq Safyalah Mohammad Taher |
| Location: | Kabul, Afghanistan |
| Activity: | General Store |
About the Loan
| Loan Amount: | $650.00 |
|---|---|
| Loan Use: | expanding and furthering their businesses |
| Repayment Term: | 11 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jul 1, 2009 |
| Date Disbursed: | Jun 16, 2009 |
| Date Funded: | Jul 7, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 34 months |
| Kiva Entrepreneurs: | 2366 |
| Total Loans: | $1,054,875 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Afghanistan |
|---|---|
| Avg Annual Income: | $1,490.00 |
| Currency: | Afghanistan Afghanis (AFN) |
| Exchange Rate: | 47.3000 AFN = 1 USD |
Nafesa and Bibi Mareyam want to take a loan for their husbands' businesses; they have a general store and they want to make their shop larger. Also, Hama wants to take a loan for her tailoring business. She wants to buy a new machine for her shop and complete her stock. Safyalah wants to take a loan for his mechanic business; he wants to buy necessary materials for his shop.
With this loan they can make their businesses larger and support their families and make a better future for their families. They are really happy with this process in this poor country.
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 Nafesa Group
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Loan has been disbursed
Location: Kabul, Afghanistan
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Posted by
from Kabul, Afghanistan
Jul 8, 2009 |
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Comment on this entry
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Samira group after the loan
Location: Kabul, Afghanistan
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Posted by
Roya Omari from Kabul, Afghanistan
Nov 15, 2009 |
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Comment on this entry
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Repayment Schedule for Nafesa Group
Repayment Schedule for Nafesa Group
| Expected Repayments | Actual Repayments | Comments | |||
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| September 2009 | $130.00 | $130.00 |  Repayment Received
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| October 2009 | $65.00 | $65.00 | Repayment Received
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| November 2009 | $65.00 | $65.00 | Repayment Received
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| December 2009 | $65.00 | $65.00 | Repayment Received
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| January 2010 | $65.00 | Available Jan 1 | |||
| February 2010 | $65.00 | Available Feb 1 | |||
| March 2010 | $65.00 | Available Mar 1 | |||
| April 2010 | $65.00 | Available Apr 1 | |||
| May 2010 | $65.00 | Available May 1 | |||
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