Nasreen Akhtar


Status: Paid Back

$325.00   Loan Request
$325.00   Paid Back

About the Entrepreneur

Name: Nasreen Akhtar
Location: Vehari, Pakistan
Activity: Restaurant

About the Loan

Loan Amount: $325.00
Loan Use: To buy freezer for our hotel
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 2, 2007
Date Disbursed: Oct 16, 2007
Date Funded:Oct 2, 2007
Loan Ended:Oct 25, 2008

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:United States Dollars (USD)



I am originally from Sahiwal but moved to Vehari after my marriage. I have three children. One of my sons and my daughter are currently in school in 2nd and 3rd grade respectively. Education has been our first priority for our children. Last year, I took a loan and bought a Rickshaw (a three-wheel vehicle), which my family and I rented out to a driver for a fixed daily income. My husband has been running a small hotel for the last three years and is doing quite well. The hotel has been able to give us $3 to $5 per day. Since our hotel business is improving we need a freezer so that we can purchase food in bulk and reduce some of our running costs. With a freezer, we can diversify our hotel menu and offer products such as ice-cream in the summer, which is one of the longest seasons in this region. I am looking for a loan of $325 to help us expand our business.

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Lenders to this entrepreneur

Pomerleau Family
Gibsonia, PA
United States

Lorana
Zürich,
Switzerland

Kyley
Grand Rapids, MI
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Lee
tacoma, WA
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Myong
York, SC
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Ally
Westbury, NY
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Roberta
Alexandria, VA
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Lisa
San Francisco, CA
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Syeda
Austin, TX
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Kirstine
Copenhagen, -
Denmark

TERRY
CALGARY, Alberta
Canada

Larissa
Toronto, Ontario
Canada

The Coberly Family
Oak Park, IL
United States



Journal entries for Nasreen Akhtar


Loan has been disbursed
 
Entrepreneur: Nasreen Akhtar
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Nasreen Akhtar by Asasah in Pakistan. We are excited to watch this business grow. Over the next 12 - 18 months, Asasah will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Vehari, Pakistan
Oct 17, 2007
Comment on this entry

Update
 
Entrepreneur: Nasreen Akhtar
Location: Vehari, Pakistan

Dear Lenders,

I apologize for the delay in updating you on the progress of my family business. With the loan that you provided me, my husband and I purchased a freezer, utensils and dishes for our hotel restaurant. These items have allowed us to sell ice cream, a popular item in the summer months, in addition to our other food and drink items (such as tea, cookies, roti bread, etc.).

With the increase in profit since I took out this loan, we have been saving for our children’s education. We also purchased items to enhance our household, such as a TV. We use the freezer to not only keep food fresh for our customers but also to store our family’s food and ensure it stays safe to eat, particularly in the hot summer season.

This is my second loan with Asasah (microfinance institution in Pakistan). I have a good record of paying my loan installments on time. After I finish repaying this loan, I hope to take another loan with Asasah to further expand our hotel restaurant.

I am grateful to each of you for your loan. I hope that you will continue to support my fellow Asasah associates on Kiva.

Thank you!

Nasreen Akhtar


Posted by Saboora Bhutta from Vehari, Pakistan
Aug 1, 2008
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Kiva Help Repayment Schedule for Nasreen Akhtar

  Expected Repayments Actual Repayments Comments
January 2008 $27.08 $28.00 Repayment Received
February 2008 $27.08 $28.00 Repayment Received
March 2008 $27.08 $28.00 Repayment Received
April 2008 $27.08 $28.00 Repayment Received
May 2008 $27.08 $28.00 Repayment Received
June 2008 $27.08 $28.00 Repayment Received
July 2008 $27.08 $28.00 Repayment Received
August 2008 $27.08 $28.00 Repayment Received
September 2008 $27.08 $28.00 Repayment Received
October 2008 $27.08 $28.00 Repayment Received
November 2008 $27.08 $28.00 Repayment Received
December 2008 $27.12 $17.00 Repayment Received