Zareena Bibi's Group


Status: Paid Back

$1,200.00   Loan Request
$1,200.00   Paid Back

About the Group

Group Name: Zareena Bibi's Group
Group Members: Parween Bibi
Rafia Bibi
Uzma Sajid
Sumaira Bibi
Zareena Bibi
Location: Lahore, Pakistan
Activity: Manufacturing

About the Loan

Loan Amount: $1,200.00
Loan Use: to expand her thread reels business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 24, 2008
Date Disbursed: May 10, 2008
Date Funded:Apr 26, 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



Zareena Bibi, the group leader, resides in Lahore, a big city in Pakistan. She is married and has three kids, all of whom are enrolled in a local school. She is a health worker and her husband make thread reels. He has been making these reels for more than 15 years. Now, they wish to expand their business though a loan. Zareena Bibi’s sub group members are: Sumaira Bibi (who has a family business of manufacturing shoe buckles), Uzma Sajid (who has an electric store), Rafia Bibi (who buys and sells vests), and Parween Bibi (who wants to buy her son a rickshaw.)



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

Joel
Washington, DC
United States

Ajay

India

Kirsty
Henley BEach, South Australia
Australia

Rebecca
Hod Hasharon, Sharon
Israel

scchiang
Taipei, Taiwan
Taiwan

Linda
Kapaa, HI
United States

paul and sheila
Macomb, IL
United States

Anonymous
AUSTIN, TX
United States

Jimmy
Petrolia, Ont.
Canada

Ashfaq
Lombard, IL
United States

Hassan Syed

United States

Kathy
Boulder, CO
United States

Poker4Pam
Homer, AK
United States

Kim and Elvis
Barrie, Ontario
Canada

Michael
Ukiah, CA
United States

Mikael
Härnösand, Västernorrland
Sweden

Sibyl
Brussels,
Belgium

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

Joe Ross
Aloha, OR
United States

Trevor
Pescadero, CA
United States

pierrette
newport beach, CA
United States

Michael
Plantation, FL
United States

Michelle
Chico, CA
United States

Joe
Burlingame, CA
United States

Iskandar
Honolulu, HI
United States

kivan
Houston, TX
United States

mitchell
Franklin, MA
United States

Michael
Kansas City, MO
United States

Kathryn
Granite Bay, CA
United States

joan
Cambria, CA
United States

Matt
Weslaco, TX
United States



Journal entries for Zareena Bibi's Group


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

Thank you for your loan. It has been disbursed to the group, consisting of Zareena Bibi, Sumaira Bibi, Uzma Sajid, Rafia Bibi, Parween 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 11, 2008
Comment on this entry

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

DearLenders,

Hello from the Asasah MFI! I would like to update you on the loan you helped fund to Zareena bibi for her husband’s thread reels business.

Her husband expanded his business by buying the plastic beans and he manufactured the thread reels in bulk. His business has grown significantly, and his monthly income increased by 8,000-12,000 PKRs.

The increased income has allowed him to pay for household expenses and save for the children to pay for their school fees.

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 26, 2009
Comment on this entry

Kiva Help Repayment Schedule for Zareena Bibi's Group

  Expected Repayments Actual Repayments Comments
August 2008 $100.00 $100.00 Repayment Received
September 2008 $100.00 $100.00 Repayment Received
October 2008 $100.00 $100.00 Repayment Received
November 2008 $100.00 $100.00 Repayment Received
December 2008 $100.00 $100.00 Repayment Received
January 2009 $100.00 $100.00 Repayment Received
February 2009 $100.00 $100.00 Repayment Received
March 2009 $100.00 $100.00 Repayment Received
April 2009 $100.00 $100.00 Repayment Received
May 2009 $100.00 $100.00 Repayment Received
June 2009 $100.00 $100.00 Repayment Received
July 2009 $100.00 $100.00 Repayment Received