Nasreen Akhtar Muhammad Ayub Group


Status: Paying Back - Delinquent

$1,000.00   Loan Amount
0% repaid

About the Group

Group Name: Nasreen Akhtar Muhammad Ayub Group
Group Members: Nasreen akhtar Muhammad ayub
Tahmina Ghulam abbas
Parveen Muhammad yaqoob
Sakina Talib hussain
Location: Borewala, Pakistan
Activity: Animal Sales

About the Loan

Loan Amount: $1,000.00
Loan Use: To buy buffalo to sell
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 3, 2009
Date Disbursed: Jul 7, 2009
Date Funded:Jul 15, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:81.4550 PKR = 1 USD



"My name is Nasreen akhtar and I am a citizen of a city named Borewala, Pakistan for the past 10 years. Borewala city is famous for its shrines. My husband's name is Muhammad ayub and he is involved in animal husbandry. He feeds buffalos and sells them. He has been in this business for over 6 years. I also help him by taking care of his animals. I am applying for a loan to advance his business."


She is the group leader of three other women from her locality. Tahmina baji wants a loan to buy fruits for her fruit selling business. Parveen baji wants a loan to buy bicycles for her rented bicycles business. Sakina baji wants a loan to buy cosmetics to sell.

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: “Nasreen baji is standing with her granddaughter in this picture”.



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 Nasreen Akhtar Muhammad Ayub Group


Loan has been disbursed
 
Entrepreneur: Nasreen Akhtar Muhammad Ayub Group
Location: Borewala, Pakistan

Thank you for your loan. It has been disbursed to Nasreen Akhtar Muhammad Ayub Group, consisting of Nasreen akhtar Muhammad ayub , Tahmina Ghulam abbas, Parveen Muhammad yaqoob, Sakina Talib hussain 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 Borewala, Pakistan
Jul 16, 2009
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Kiva Help Repayment Schedule for Nasreen Akhtar Muhammad Ayub Group

  Expected Repayments Actual Repayments Comments
October 2009 $86.96 $0.00 Delinquent
November 2009 $130.44 $0.00 Delinquent
December 2009 $86.96 Available Dec 1  
January 2010 $86.96 Available Jan 1  
February 2010 $86.96 Available Feb 1  
March 2010 $86.96 Available Mar 1  
April 2010 $86.96 Available Apr 1  
May 2010 $130.44 Available May 1  
June 2010 $86.96 Available Jun 1  
July 2010 $86.96 Available Jul 1  
August 2010 $43.44 Available Aug 1