Rehana Kosar Ishtiq Ahmad Group


Status: Paying Back - Delinquent

$850.00   Loan Amount
0% repaid

About the Group

Group Name: Rehana Kosar Ishtiq Ahmad Group
Group Members: Rehana kosar Ishtiq ahmad
Sumera Amjad
Asma Muhammad Maqsood
Afshan Farooq hussain shah
Nasreen Muhammad Bashir
Location: Shalimar, Pakistan
Activity: Services

About the Loan

Loan Amount: $850.00
Loan Use: To buy a welding machine
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 16, 2009
Date Disbursed: Jul 13, 2009
Date Funded:Jul 19, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:82.4948 PKR = 1 USD



Sumera baji wants a loan to buy vegetables to sell.
Asma baji wants a loan to buy a snooker table for her game shop.
Afshan baji wants a loan to buy electric supplies (wires, switches and switchboards) for her electric supplies selling business.
Nasreen baji wants a loan to buy groceries for her grocery shop.

Rehana kosar baji has been a citizen of Lahore, Pakistan for the last 15 years. Lahore city is famous for its historical places and Punjabi foods. Rehana baji is a very active lady. She is involved in a decorative embroidery business and prepares embroidered dresses on order. She earns a good income from this business. She uses her income as needed. She is also the group leader of the aforementioned ladies. Her members respect her a lot because of her good nature. Her husband is a welder by profession. Rehana baji is requesting a loan to buy a welding machine.

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: “Rehana baji is seated in a blue dress and is showing her embroidery work”.




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 Rehana Kosar Ishtiq Ahmad Group


Loan has been disbursed
 
Entrepreneur: Rehana Kosar Ishtiq Ahmad Group
Location: Shalimar, Pakistan

Thank you for your loan. It has been disbursed to Rehana Kosar Ishtiq Ahmad Group, consisting of Rehana kosar Ishtiq ahmad, Sumera Amjad, Asma Muhammad Maqsood, Afshan Farooq hussain shah, Nasreen Muhammad Bashir 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 20, 2009
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Kiva Help Repayment Schedule for Rehana Kosar Ishtiq Ahmad Group

  Expected Repayments Actual Repayments Comments
October 2009 $73.92 $0.00 Delinquent
November 2009 $73.92 $0.00 Delinquent
December 2009 $73.92 Available Dec 1  
January 2010 $110.88 Available Jan 1  
February 2010 $73.92 Available Feb 1  
March 2010 $73.92 Available Mar 1  
April 2010 $73.92 Available Apr 1  
May 2010 $73.92 Available May 1  
June 2010 $73.92 Available Jun 1  
July 2010 $110.88 Available Jul 1  
August 2010 $36.88 Available Aug 1