Rasoolan Abdul Khaliq Group


Status: Paying Back - Delinquent

$900.00   Loan Amount
0% repaid

About the Group

Group Name: Rasoolan Abdul Khaliq Group
Group Members: Rasoolan Abdul Khaliq
Bilquis Muhammad arshad
Mahmood begum Muhammad aslam
Parveen akhtar Muhammad siddique
Shahnaz Muhammad bota
Location: Arifwala, Pakistan
Activity: Retail

About the Loan

Loan Amount: $900.00
Loan Use: To buy paint boxes and tools
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jul 20, 2009
Date Disbursed: Jul 16, 2009
Date Funded:Jul 22, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:82.1000 PKR = 1 USD



Rasoolan baji is married to Abdul Khaliq, and they have lived in the city of Arifwala, Pakistan, for the past fifteen years. Her husband is a painter by profession and paints people’s houses. He also sells paint boxes to shops. He has eight years of experience in this business. Rasoolan baji is applying for a loan to buy paint boxes and tools for her husband so that he is able to grow his business. Rasoolan baji is the group leader of four other women from her locality.


Bilquis baji wants a loan to buy seasonal fruits to sell.

Mahmood begum baji wants a loan to buy paint boxes to sell.

Parveen akhtar baji wants a loan to buy groceries for her grocery shop.

Shahnaz baji wants a loan to buy a lathe 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: Rasoolan baji is seated on a chair in this 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 Rasoolan Abdul Khaliq Group


Loan has been disbursed
 
Entrepreneur: Rasoolan Abdul Khaliq Group
Location: Arifwala, Pakistan

Thank you for your loan. It has been disbursed to Rasoolan Abdul Khaliq Group, consisting of Rasoolan Abdul Khaliq, Bilquis Muhammad arshad, Mahmood begum Muhammad aslam, Parveen akhtar Muhammad siddique, Shahnaz Muhammad bota 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 23, 2009
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Kiva Help Repayment Schedule for Rasoolan Abdul Khaliq Group

  Expected Repayments Actual Repayments Comments
October 2009 $78.26 $0.00 Delinquent
November 2009 $78.26 $0.00 Delinquent
December 2009 $78.26 Available Dec 1  
January 2010 $78.26 Available Jan 1  
February 2010 $117.39 Available Feb 1  
March 2010 $78.26 Available Mar 1  
April 2010 $78.26 Available Apr 1  
May 2010 $78.26 Available May 1  
June 2010 $78.26 Available Jun 1  
July 2010 $78.26 Available Jul 1  
August 2010 $78.27 Available Aug 1