Zahida Parween's Group


Status: Paid Back

$600.00   Loan Request
$600.00   Paid Back

About the Group

Group Name: Zahida Parween's Group
Group Members: Suriya Latif
Shugufta Bibi
Zahida Parween
Location: Lahore, Pakistan
Activity: Clothing Sales

About the Loan

Loan Amount: $600.00
Loan Use: to expand her cloth business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 20, 2008
Date Disbursed: May 6, 2008
Date Funded:Apr 22, 2008
Loan Ended:Jun 15, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:63.0600 PKR = 1 USD



I was married 16 years ago and have three kids: one girl and two boys. My eldest daughter is in grade eleven whereas the boys are in grades eight and five respectively. I reside with my family in Lahore, the second largest city in Pakistan. My husband works at a local factory while I sell cloth. I travel to the city of Faisalabad to buy cloth to sell. I am requesting a loan to buy summer suiting for my business. My loan group members are: Shugufta Bibi (who runs a laundry) and Suriya Latif (whose husband is a turner).
This is a group loan and the funds will be distributed amongst the members. The members will either invest in their own businesses or those of their family members.



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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Lenders to this group

Hong Hua
Singapore, N/A
Singapore

Anonymous
Boston, MA
United States

Elizabeth
Somerville, MA
United States

Len
Bristol, Bristol
United Kingdom

Athar
Dubai, Dubai
United Arab Emirates

Shannon Ryan
Toronto, Ontario
Canada

ERMCO
Indianapolis, IN
United States

Amy's mom
KivaFriends.org, Midwest
United States

Mount Madonna School
Watsonville, CA
United States

Joel
Oldsmar, FL
United States

Janine
Erina Heights, New South Wales
Australia

Mary
Indio, CA
United States

Angela
Dallas, TX
United States

Anicha & Hiep
California
United States

Alexandra
Amsterdam,
Netherlands

Stan
EL DORADO HILLS, CA
United States

Good Dogg
Front Porch, www.kivafriends.org
United States

Mig
San Francisco, CA
United States

maryleah
new york, NY
United States

Sara
Washington, DC
United States



Journal entries for Zahida Parween's Group


Loan has been disbursed
 
Entrepreneur: Zahida Parween's Group
Location: Lahore, Pakistan

Thank you for your loan. It has been disbursed to the group, consisting of Zahida Parween, Shugufta Bibi, Suriya Latif by Asasah in Pakistan. We are excited to watch this business grow. Over the next 12 months, Asasah will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Lahore, Pakistan
May 6, 2008
Comment on this entry

Appreciates for a loan
 
Entrepreneur: Zahida Parween's Group
Location: Lahore, Pakistan

Dear Lenders,

I am happy to report she is doing extremely well. With the loan she received she invested for her cloth selling business.

She purchased the summer clothes in bulk from the city Faisalabad on cheap prices. Her monthly income increased from 6,000 PKRs to 10,000 PKRs. She has been using her additional earnings to pay for household expenses. This is her first loan with Asasah (microfinance institution in Pakistan). She hopes to take another loan with Asasah again to expand her cloth selling business.

She is very grateful to each of you for your loan. She hopes that you will continue to support her fellow Asasah associates on Kiva.


Posted by Maryam Zafar from Lahore, Pakistan
Aug 25, 2009
Comment on this entry

Kiva Help Repayment Schedule for Zahida Parween's Group

  Expected Repayments Actual Repayments Comments
August 2008 $50.00 $50.00 Repayment Received
September 2008 $50.00 $50.00 Repayment Received
October 2008 $50.00 $50.00 Repayment Received
November 2008 $50.00 $50.00 Repayment Received
December 2008 $50.00 $50.00 Repayment Received
January 2009 $50.00 $50.00 Repayment Received
February 2009 $50.00 $50.00 Repayment Received
March 2009 $50.00 $50.00 Repayment Received
April 2009 $50.00 $50.00 Repayment Received
May 2009 $50.00 $50.00 Repayment Received
June 2009 $50.00 $49.99 Repayment Received
July 2009 $50.00 $50.01 Repayment Received