Amina Amjad's Group
Status: Paid Back
| $1,325.00 | Loan Request | |
|---|---|---|
| $1,325.00 | Paid Back |
About the Group
| Group Name: | Amina Amjad's Group |
|---|---|
| Group Members: |
Mamen Nisa Nasreen Begum Saira Bibi Zubaida Bibi Amina Amjad |
| Location: | Multan, Pakistan |
| Activity: | Cafe |
About the Loan
| Loan Amount: | $1,325.00 |
|---|---|
| Loan Use: | To fund a school canteen and various other businesses |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | May 5, 2008 |
| Date Disbursed: | May 21, 2008 |
| Date Funded: | May 7, 2008 |
| Loan Ended: | Jun 15, 2009 |
About the Field Partner
About the Field Partner
|
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| Field Partner: | Asasah, a partner of Save the Children |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 27 months |
| Kiva Entrepreneurs: | 9322 |
| Total Loans: | $2,113,125 |
| Delinquency Rate: | 57.47% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Pakistan |
|---|---|
| Avg Annual Income: | $3,004.00 |
| Currency: | Pakistan Rupees (PKR) |
| Exchange Rate: | 64.5500 PKR = 1 USD |
Amina now wants to start an additional canteen in one of the local colleges and hence she is in need of a loan. Amina would like to borrow this loan in a group whose other members are: Zubaida Bibi, who , wants to start an internet cafe; Saira Bibi, who will buy an ice-cream machine; Nasreen Begum, who will buy a sewing machine; and Mamen Nisa, who will invest her share of the loan in her husband’s vegetable business.
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 Amina Amjad's Group
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Loan has been disbursed
Location: Multan, Pakistan
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Posted by
from Multan, Pakistan
May 21, 2008 |
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Comments (2)
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Repayment Schedule for Amina Amjad's Group
Repayment Schedule for Amina Amjad's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| August 2008 | $110.42 | $111.00 |  Repayment Received
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| September 2008 | $110.42 | $111.00 | Repayment Received
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| October 2008 | $110.42 | $111.00 | Repayment Received
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| November 2008 | $110.42 | $111.00 | Repayment Received
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| December 2008 | $110.42 | $111.00 | Repayment Received
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| January 2009 | $110.42 | $107.50 | Repayment Received
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| February 2009 | $110.42 | $110.42 | Repayment Received
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| March 2009 | $110.42 | $110.42 | Repayment Received
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| April 2009 | $110.42 | $110.42 | Repayment Received
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| May 2009 | $110.42 | $110.42 | Repayment Received
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| June 2009 | $110.42 | $110.41 | Repayment Received
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| July 2009 | $110.38 | $110.41 | Repayment Received
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