Zareena Muhammad Mubarak Group


Status: Paying Back - Delinquent

$750.00   Loan Amount
0% repaid

About the Group

Group Name: Zareena Muhammad Mubarak Group
Group Members: Zareena Muhammad Mubarak
Zuhran Ameen
Fozia Ishaq
Mukhtaran Ashraf
Location: Shalimar, Pakistan
Activity: Motorcycle Transport

About the Loan

Loan Amount: $750.00
Loan Use: To buy an auto-rickshaw for her husband
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 7, 2009
Date Disbursed: Jul 7, 2009
Date Funded:Jul 16, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:81.5500 PKR = 1 USD



Zareena baji is a wife of Muhammad Mubarak and they have both been citizens of Lahore, Pakistan, for the past fifteen years. Lahore city is famous for its historical places and its Punjabi foods.

At her age, Zareena baji wants to set a good example for her grandchildren and for her family. In spite of her age, she keeps working on her sewing machine, sewing clothes. In this photo she is playing with her grandson and laughing. Her husband is also a very mature person and is a driver by profession. Zareena baji is requesting for a loan to buy an auto-rickshaw (a local three-wheeled motor-vehicle) because her husband is currently driving a rented one and pays half of his income to the owner.

This group loan consists of three additional people:

Zuhran baji wants a loan to buy a lathe.

Fozia baji wants a loan to repair her auto-rickshaw.

Mukhtaran baji wants a loan to buy tools for her motor workshop.




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 Zareena Muhammad Mubarak Group


Loan has been disbursed
 
Entrepreneur: Zareena Muhammad Mubarak Group
Location: Shalimar, Pakistan

Thank you for your loan. It has been disbursed to Zareena Muhammad Mubarak Group, consisting of Zareena Muhammad Mubarak, Zuhran Ameen, Fozia Ishaq, Mukhtaran Ashraf 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 Shalimar, Pakistan
Jul 17, 2009
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Kiva Help Repayment Schedule for Zareena Muhammad Mubarak 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