Rukhsana Bibi's Group


Status: Paid Back

$1,675.00   Loan Request
$1,675.00   Paid Back

About the Group

Group Name: Rukhsana Bibi's Group
Group Members: Yasmeen Bibi
Zubaida Bibi
Rafia Bibi
Rani Nazir
Rukhsana Bibi
Location: Lahore, Pakistan
Activity: Manufacturing

About the Loan

Loan Amount: $1,675.00
Loan Use: to expand her manufacturing business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 24, 2008
Date Disbursed: May 16, 2008
Date Funded:May 2, 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



My name is Rukhsana Bibi and I am a group leader from Lahore, the second largest city in Pakistan. I am married and have four kids, three of whom attend a local school. I am very hopeful for my childrens’ future and pray to God to give them all of the luxuries in life that my husband and I could not provide them. My husband manufactures a special type of bolt that is used in various vehicles. By expanding our business, we hope that our income will increase. Therefore, I would like to borrow in a group, with a few other women, who include: Rani Nazir (whose son has a video games centre); Rafia Bibi (who manufactures thread), Zubaida Bibi and Yasmeen Bibi (who both manufacture electric plugs).
The responsibility to repay the loan rests on all of the group members. As their group leader, I assure you of timely repayment of the loan.



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

Mel
Pittsburgh, PA
United States

Tom
Tiburon, CA
United States

Kirsty
Henley BEach, South Australia
Australia

Elizabeth
Paris,
France

Steven
Los Angeles, CA
United States

Umm Muhammed
www.kiva.org/team/kiva_muslims, Utrecht
Netherlands

Bruce
Bloomington, IN
United States

Wil
Kapaa, HI
United States

Paul and Flavie
Old Greenwich, CT
United States

Aftab
Edison, NJ
United States

Stone Road
Toronto, Ontario
Canada

Muslim Financer
Sunderland, UK, Dubai
United Arab Emirates

Anonymous
Kirkwood, MO
United States

Vivian
,
Hong Kong

Debbie
Houston, TX
United States

Margaret
Bridgewater, MA
United States

Aubrey
Victoria, British Columbia
Canada

Tim
Mountain View, CA
United States

Steven
Venice, CA
United States

dgandhi
Pittsburgh, PA
United States

Jason
Atlanta, GA
United States

Marker/Hanisko
Seattle, WA
United States

rizwan
dayton, OH
United States

Richard
Lewes, East Sussex
United Kingdom

Jacqueline
Baltimore, MD
United States

Kai
Las Vegas, NV
United States

Hendrik
Voerde,
Germany

tom
Richmond, VA
United States

Brian & Laura
Atlanta, GA
United States

Martin
Randolph, NJ
United States

Anonymous
Potsdam, Germany
Germany

Fraz
Lawrenceville, NJ
United States

Sabine
Leipzig,
Germany

Pernille
CPH N,
Denmark

Ali
Rockaway, NJ
United States

Randi & Grant
Edmonds, WA
United States

Robert
Torrance, CA
United States

Jenn&Seth
Rolling Meadows, IL
United States

Neno
Hayward, CA
United States

Dave Marcus
Lithonia, GA
United States

Robin
Anchorage, AK
United States

Cornelia
New York, NY
United States

Tina
Huntsville, TX
United States



Journal entries for Rukhsana Bibi's Group


Loan has been disbursed
 
Entrepreneur: Rukhsana Bibi's Group
Location: Lahore, Pakistan

Thank you for your loan. It has been disbursed to the group, consisting of Rukhsana Bibi, Rani Nazir, Rafia Bibi, Zubaida Bibi, Yasmeen Bibi 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 16, 2008
Comment on this entry

Appreciates for a loan
 
Entrepreneur: Rukhsana Bibi's Group
Location: Lahore, Pakistan

Dear Lenders,

Asasah provides the loan facility to households through women. The women can utilize their loan amount in the business of their family members such as (husband, son, father and other relations).

Rukhsana bibi has finished her loan repayment and she used her loan to increase the profit of her husband’s bolts making business. Her trust on him proved her right and he never disappointed her. As a result their monthly profit rose to 5,000 PKRs. With the profit they cover the household expenses and pay off the education expenses of their kids'.

She and all the women are extremly grateful for the opportunities you have provided them.


Posted by Maryam Zafar from Lahore, Pakistan
Aug 26, 2009
Comment on this entry

Kiva Help Repayment Schedule for Rukhsana Bibi's Group

  Expected Repayments Actual Repayments Comments
August 2008 $139.58 $140.00 Repayment Received
September 2008 $139.58 $140.00 Repayment Received
October 2008 $139.58 $140.00 Repayment Received
November 2008 $139.58 $140.00 Repayment Received
December 2008 $139.58 $140.00 Repayment Received
January 2009 $139.58 $137.50 Repayment Received
February 2009 $139.58 $139.58 Repayment Received
March 2009 $139.58 $139.58 Repayment Received
April 2009 $139.58 $139.58 Repayment Received
May 2009 $139.58 $139.58 Repayment Received
June 2009 $139.58 $139.58 Repayment Received
July 2009 $139.62 $139.60 Repayment Received