Rani Manzoor Ahmad Group


Status: Paying Back - Delinquent

$1,050.00   Loan Amount
0% repaid

About the Group

Group Name: Rani Manzoor Ahmad Group
Group Members: Rani Manzoor ahmad
Janu Muhammad aslam
Fozia Faqir hussain
Sardaran Madad ali
Suraiya Muhammad latif
Location: Arifwala, Pakistan
Activity: Grocery Store

About the Loan

Loan Amount: $1,050.00
Loan Use: To buy groceries
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 2, 2009
Date Disbursed: Jul 6, 2009
Date Funded:Jul 20, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.7000 PKR = 1 USD



Janu baji and Fozia baji each want a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle).

Sardaran baji wants a loan to buy a donkey cart for loading.

Suraiya baji wants a loan to buy wheat and corn to sell.

Rani baji is a wife of Manzoor ahmad. They have lived in Arifwala, Pakistan for the past 15 years. She is the leader of this group. All of the members respect her a lot because her behavior with them is very nice and caring. She never gets angry at them and always supports them when they have any trouble. Her husband runs a grocery shop in the community. Rani baji is applying for a loan to buy groceries to diversify her grocery shop.

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.

Note: Rani baji is seated in a black shawl in the photo.




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 Rani Manzoor Ahmad Group


Loan has been disbursed
 
Entrepreneur: Rani Manzoor Ahmad Group
Location: Arifwala, Pakistan

Thank you for your loan. It has been disbursed to Rani Manzoor Ahmad Group, consisting of Rani Manzoor ahmad , Janu Muhammad aslam, Fozia Faqir hussain, Sardaran Madad ali, Suraiya Muhammad latif 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 Arifwala, Pakistan
Jul 21, 2009
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Kiva Help Repayment Schedule for Rani Manzoor Ahmad Group

  Expected Repayments Actual Repayments Comments
October 2009 $136.95 $0.00 Delinquent
November 2009 $91.30 $0.00 Delinquent
December 2009 $91.30 Available Dec 1  
January 2010 $91.30 Available Jan 1  
February 2010 $91.30 Available Feb 1  
March 2010 $91.30 Available Mar 1  
April 2010 $91.30 Available Apr 1  
May 2010 $136.95 Available May 1  
June 2010 $91.30 Available Jun 1  
July 2010 $91.30 Available Jul 1  
August 2010 $45.70 Available Aug 1