Parveen M. Ashiq's Group
Status: Paying Back - Delinquent
| $1,175.00 | Loan Amount |
|---|
About the Group
| Group Name: | Parveen M. Ashiq's Group |
|---|---|
| Group Members: |
Asia Nazir Razia Arshad Ramzan M.mushtaq Parveen M. Ashiq |
| Location: | Arifwala, Pakistan |
| Activity: | Traveling Sales |
About the Loan
| Loan Amount: | $1,175.00 |
|---|---|
| Loan Use: | To expand a sewing machine sales business |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jul 10, 2008 |
| Date Disbursed: | Aug 20, 2008 |
| Date Funded: | Aug 6, 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 |
She has three women in her loan group. Ramazan baji wants a loan to buy vehicle tires; Razia baji would like money to expand her paint shop and Asia baji wants a loan to increase the amount of clothes she can sell.
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 Parveen M. Ashiq's Group
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Loan has been disbursed
Location: Arifwala, Pakistan
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Posted by
from Arifwala, Pakistan
Aug 20, 2008 |
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Comment on this entry
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Repayment Schedule for Parveen M. Ashiq's Group
Repayment Schedule for Parveen M. Ashiq's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2008 | $97.92 | $98.00 |  Repayment Received
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| December 2008 | $97.92 | $98.00 | Repayment Received
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| January 2009 | $97.92 | $97.75 | Repayment Received
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| February 2009 | $97.92 | $97.92 | Repayment Received
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| March 2009 | $97.92 | $97.92 | Repayment Received
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| April 2009 | $97.92 | $97.92 | Repayment Received
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| May 2009 | $97.92 | $97.92 | Repayment Received
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| June 2009 | $97.92 | $97.91 | Repayment Received
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| July 2009 | $97.92 | $97.92 | Repayment Received
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| August 2009 | $97.92 | $97.92 | Repayment Received
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| September 2009 | $97.92 | $0.00 |  Delinquent
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| October 2009 | $97.88 | $0.00 | Delinquent
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