Yasmeen Iftikhar Ali's Group
Status: Paying Back - Delinquent
| $625.00 | Loan Amount |
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About the Group
| Group Name: | Yasmeen Iftikhar Ali's Group |
|---|---|
| Group Members: |
Nasreen Manzoor Ahmad Yasmeen Iftikhar Ali |
| Location: | Arifwala, Pakistan |
| Activity: | Sewing |
About the Loan
| Loan Amount: | $625.00 |
|---|---|
| Loan Use: | To purchase an electric sewing machine to teach young girls how to sew |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jul 10, 2008 |
| Date Disbursed: | Jul 24, 2008 |
| Date Funded: | Jul 10, 2008 |
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: | 66.5100 PKR = 1 USD |
Yasmeen successfully repaid her first loan from a microfinance institute of Pakistan. She used the money to purchase a vehicle made by Mazda. She is a housewife and runs an academy where she teaches young girls the skill of stitching clothes. Her daily income is approximately five dollars.. She is requesting a loan to buy an electric sewing machine.
She has one other member named Nasreen baji who wants loan to buy donkey cart. The loan will be distributed among the group members, each of whom will invest in her 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 Yasmeen Iftikhar Ali's Group
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Loan has been disbursed
Location: Arifwala, Pakistan
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Posted by
from Arifwala, Pakistan
Jul 25, 2008 |
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Comments (2)
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Repayment Schedule for Yasmeen Iftikhar Ali's Group
Repayment Schedule for Yasmeen Iftikhar Ali's Group
| Expected Repayments | Actual Repayments | Comments | |||
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| October 2008 | $52.08 | $53.00 |  Repayment Received
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| November 2008 | $52.08 | $53.00 | Repayment Received
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| December 2008 | $52.08 | $51.00 | Repayment Received
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| January 2009 | $52.08 | $51.33 | Repayment Received
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| February 2009 | $52.08 | $52.08 | Repayment Received
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| March 2009 | $52.08 | $52.08 | Repayment Received
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| April 2009 | $52.08 | $52.08 | Repayment Received
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| May 2009 | $52.08 | $52.08 | Repayment Received
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| June 2009 | $52.08 | $52.08 | Repayment Received
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| July 2009 | $52.08 | $52.08 | Repayment Received
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| August 2009 | $52.08 | $52.08 | Repayment Received
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| September 2009 | $52.12 | $0.00 |  Delinquent
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