Sharf-un-nisa Muhammad Naseem Group


Status: Paying Back - Delinquent

$975.00   Loan Amount
0% repaid

About the Group

Group Name: Sharf-un-nisa Muhammad Naseem Group
Group Members: Sharf-un-nisa Muhammad naseem
Yasmeen Muhammad shabbir hussain
Rukhsana shaheen Hashim ali
Kosar Khalid Khalid hussain
Khalida parveen Allah ditta
Location: Mughalpura, Pakistan
Activity: Bookstore

About the Loan

Loan Amount: $975.00
Loan Use: To buy books for bookshop
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jun 16, 2009
Date Disbursed: Jun 19, 2009
Date Funded:Jun 17, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.2600 PKR = 1 USD



Sharf-un-nisa baji is the leader of this group of women. She is married to Muhammad naseem who runs a bookshop. Muhammad naseem has a variety of books in his shop, although he specializes in “religious and syllabus books”. Sharf baji operates a business sewing clothes. She works to save money to buy an electric sewing machine. She is applying for a loan to buy books for her husband’s bookshop.


Yasmeen baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle).


Rukhsana shaheen baji wants a loan to buy ingredients (cooking oil, spices and lentils) for her food-selling business.


Kosar Khalid baji and Khalida parveen baji want a loan to buy sewing machines for their tailoring center.


This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in her own business. The members mutually 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 Sharf-un-nisa Muhammad Naseem Group


Loan has been disbursed
 
Entrepreneur: Sharf-un-nisa Muhammad Naseem Group
Location: Mughalpura, Pakistan

Thank you for your loan. It has been disbursed to Sharf-un-nisa Muhammad naseem Group, consisting of Sharf-un-nisa Muhammad naseem, Yasmeen Muhammad shabbir hussain, Rukhsana shaheen Hashim ali, Kosar Khalid Khalid hussain, Khalida parveen Allah ditta 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 Mughalpura, Pakistan
Jun 19, 2009
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Kiva Help Repayment Schedule for Sharf-un-nisa Muhammad Naseem Group

  Expected Repayments Actual Repayments Comments
September 2009 $84.78 $0.00 Delinquent
October 2009 $84.78 $0.00 Delinquent
November 2009 $84.78 $0.00 Delinquent
December 2009 $84.78 Available Dec 1  
January 2010 $84.78 Available Jan 1  
February 2010 $84.78 Available Feb 1  
March 2010 $127.17 Available Mar 1  
April 2010 $84.78 Available Apr 1  
May 2010 $84.78 Available May 1  
June 2010 $84.78 Available Jun 1  
July 2010 $84.81 Available Jul 1