Parveen Mushatq


Status: Paid Back

$400.00   Loan Request
$400.00   Paid Back

About the Entrepreneur

Name: Parveen Mushatq
Location: Lahore, Pakistan
Activity: Milk Sales

About the Loan

Loan Amount: $400.00
Loan Use: BUY MILK FOR RESALE IN BULK AND PAY CASH
Repayment Term: 15 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: N/A
Date Listed: Oct 19, 2007
Date Disbursed: Nov 2, 2007
Date Funded:Oct 19, 2007
Loan Ended:Dec 15, 2008

About the Country

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



My name is Parveen Mushtaq and I live in Lahore, a city of 10 million people. I am married and have five children. All of my children are enrolled in a small private school. I make jewelry tassels whereas my husband runs a dairy shop. He purchases milk on credit from the farmers in various nearby cities for his milk store, which is rather expensive.

If he were able to purchase milk in bulk, paying cash rather than on credit, it would decrease his operating cost and thereby increase profits. It is becoming hard day by day to feed and educate our children due to soaring inflation. I request a loan of US$ 400 for my husband to purchase milk on a cash basis.


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Lenders to this entrepreneur

Kay
Columbia, MD KivaFriends.org
United States

Belle
austin, TX
United States

Kathleen
Lake George, NY
United States

Fredric
Unionville, VA
United States

Antonia
KivaFriends.org, Malcantone
Switzerland

Tara
New York, NY
United States

Ren&Nancy
Hillsborough, NJ
United States

Mireille
Grafton, MA
United States

Mare
Cohoes, NY
United States

Kathleen
Glastonbury, CT
United States

Selena
Puyricard,
France

Frank and Kathleen
Harker Heights, TX
United States



Journal entries for Parveen Mushatq


Loan has been disbursed
 
Entrepreneur: Parveen Mushatq
Location: Lahore, Pakistan

Thank you for your loan. It has been disbursed to PARVEEN MUSHATQ 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 Lahore, Pakistan
Nov 2, 2007
Comments (1)

Appreciates for a loan
 
Entrepreneur: Parveen Mushatq
Location: Lahore, Pakistan

Dear Lenders,

Greetings from Lahore

Hello from the Asasah MFI! I would like to update you on loan helped fund to Parveen Mushtaq for her husband's dairy shop.

With the loan she received she invested in her husband's dairy business. He expanded his business by buying the milk on cash. Cash payment decrease his operating cost and give him good earning. As a result his monthly profit rose to 6,000 PKRs. He uses his additional profit to pay off the school fees of kids.

Parveen's jewelry tassels making business is also going very well. Now she goes to the market by her own and takes the order from different shops. She uses her income to cover the household expenses.

Parveen and her family are leading a very happy and tension free life. They go to their relatives and also attend the functions with good confidence.

She is sending her deepest gratitude to Asasah for approving her loan request and to the kiva lenders who have lend for her husband. She hopes that you will continue to support her fellow asasah associates on kiva.


Posted by Maryam Zafar from Lahore, Pakistan
Aug 31, 2009
Comment on this entry

Kiva Help Repayment Schedule for Parveen Mushatq

  Expected Repayments Actual Repayments Comments
February 2008 $33.33 $34.00 Repayment Received
March 2008 $33.33 $34.00 Repayment Received
April 2008 $33.33 $34.00 Repayment Received
May 2008 $33.33 $34.00 Repayment Received
June 2008 $33.33 $34.00 Repayment Received
July 2008 $33.33 $34.00 Repayment Received
August 2008 $33.33 $34.00 Repayment Received
September 2008 $33.33 $34.00 Repayment Received
October 2008 $33.33 $34.00 Repayment Received
November 2008 $33.33 $34.00 Repayment Received
December 2008 $33.33 $34.00 Repayment Received
January 2009 $33.37 $26.00 Repayment Received