Maqsoodan Abdul Ghaffar Group


Status: Paying Back - Delinquent

$750.00   Loan Amount
0% repaid

About the Group

Group Name: Maqsoodan Abdul Ghaffar Group
Group Members: Maqsoodan Abdul ghaffar
Sarwari Muhammad yaseen
Ghulam Fatima Akhtar ali
Nafeesa Kashif mahmood
Manzooran Muhammad nawaz
Location: Vehari, Pakistan
Activity: Agriculture

About the Loan

Loan Amount: $750.00
Loan Use: To buy fertilizer and seeds to grow vegetables.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 6, 2009
Date Disbursed: Jul 8, 2009
Date Funded:Jul 13, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:81.6000 PKR = 1 USD



Sarwari baji wants a loan to buy material (beads, colored thread and clothes) for preparing embroidered dresses.
Ghulam Fatima baji wants a loan to buy food items (biscuits & chips) for her canteen.
Nafeesa baji wants a loan to buy groceries for her grocery shop.
Manzooran baji wants a loan to buy animals (goats) for her animal selling business.

Maqsoodan baji is the group leader of the aforementioned ladies. Her members selected her as group leader because of her good behavior. She has lived in Vehari, Pakistan for the past 15 years. Her husband’s name is Abdul Ghaffar. He is a farmer and grows vegetables. He is very active at growing potatoes and carrots. This very lucrative agriculture activity brings in the money he needs to support his family. Maqsoodan baji’s present goal is to double her production and, thus, her income. This is why she is requesting a loan to buy fertilizer and seeds for her husband’s vegetable growing business.

This is a group loan. The loan funds will be distributed amongst the group members; each member 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: Maqsoodan baji is standing at the center of the group.





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 Maqsoodan Abdul Ghaffar Group


Loan has been disbursed
 
Entrepreneur: Maqsoodan Abdul Ghaffar Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Maqsoodan Abdul Ghaffar Group, consisting of Maqsoodan Abdul ghaffar , Sarwari Muhammad yaseen, Ghulam Fatima Akhtar ali, Nafeesa Kashif mahmood, Manzooran Muhammad nawaz 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 Vehari, Pakistan
Jul 14, 2009
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Kiva Help Repayment Schedule for Maqsoodan Abdul Ghaffar Group

  Expected Repayments Actual Repayments Comments
October 2009 $65.22 $0.00 Delinquent
November 2009 $97.83 $0.00 Delinquent
December 2009 $65.22 Available Dec 1  
January 2010 $65.22 Available Jan 1  
February 2010 $65.22 Available Feb 1  
March 2010 $65.22 Available Mar 1  
April 2010 $65.22 Available Apr 1  
May 2010 $97.83 Available May 1  
June 2010 $65.22 Available Jun 1  
July 2010 $65.22 Available Jul 1  
August 2010 $32.58 Available Aug 1