Asha's Jitihad Group
Status: Paid Back
| $525.00 | Loan Request | |
|---|---|---|
| $525.00 | Paid Back |
About the Group
| Group Name: | Asha's Jitihad Group |
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| Group Members: |
Maulid Mohamed Mkasi Abdallah Zainabu Mohamed Asha Omary |
| Location: | Zanzibar, Tanzania |
| Activity: | Charcoal Sales |
About the Loan
| Loan Amount: | $525.00 |
|---|---|
| Loan Use: | To buy more charcoal to sell |
| Repayment Term: | 12 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Apr 30, 2008 |
| Date Disbursed: | May 18, 2008 |
| Date Funded: | May 4, 2008 |
| Loan Ended: | Apr 25, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | BRAC Tanzania |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Paused |
| Time On Kiva: | 23 months |
| Kiva Entrepreneurs: | 7176 |
| Total Loans: | $1,392,625 |
| Delinquency Rate: | 46.77% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Tanzania |
|---|---|
| Avg Annual Income: | $723.00 |
| Currency: | Tanzania Shillings (TZS) |
| Exchange Rate: | 1,174.5000 TZS = 1 USD |
In the past, Asha has taken out 1 successful loan from BRAC Tanzania to expand her business. She now hopes for a loan to buy more charcoal for her business. She will share this loan with her subgroup members Zainabu, Mkasi, and Maulid, who also have small businesses.
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.
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 Asha's Jitihad Group
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Loan has been disbursed
Location: Zanzibar, Tanzania
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Posted by
from Zanzibar, Tanzania
May 18, 2008 |
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Comment on this entry
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Repayment Schedule for Asha's Jitihad Group
Repayment Schedule for Asha's Jitihad Group
| Expected Repayments | Actual Repayments | Comments | |||
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| August 2008 | $52.50 | $53.00 |  Repayment Received
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| September 2008 | $52.50 | $53.00 | Repayment Received
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| October 2008 | $52.50 | $53.00 | Repayment Received
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| November 2008 | $52.50 | $53.00 | Repayment Received
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| December 2008 | $52.50 | $53.00 | Repayment Received
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| January 2009 | $52.50 | $50.00 | Repayment Received
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| February 2009 | $52.50 | $52.50 | Repayment Received
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| March 2009 | $52.50 | $52.50 | Repayment Received
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| April 2009 | $52.50 | $52.50 | Repayment Received
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| May 2009 | $52.50 | $52.50 | Repayment Received
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