Shahida M. Sadiq's Group
Status: Paying Back - Delinquent
| $1,150.00 | Loan Amount |
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About the Group
| Group Name: | Shahida M. Sadiq's Group |
|---|---|
| Group Members: |
Hajra M.bota Mumtaz M.sadique Kosar M.ameen Kalsom Ghulam Rasool Shahida M. Sadiq |
| Location: | Arifwala, Pakistan |
| Activity: | Electrical Goods |
About the Loan
| Loan Amount: | $1,150.00 |
|---|---|
| Loan Use: | To upgrade an electric shop |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jul 10, 2008 |
| Date Disbursed: | Aug 16, 2008 |
| Date Funded: | Aug 2, 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 |
Her husband runs an electric shop. Shahida baji successfully repaid her first loan from a microfinance institute of Pakistan and is applying for another loan for her husband’s electric shop.
She has four other members of her loan group. Kalsoom baji wants a loan for her tea shop; Kosar baji would like a loan for her beauty parlor; Mumtaz baji wants a loan for her decorative embroidery business and Hajra baji wants loan to buy a donkey cart.
The funds 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 Shahida M. Sadiq's Group
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Loan has been disbursed
Location: Arifwala, Pakistan
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Posted by
from Arifwala, Pakistan
Aug 17, 2008 |
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Comment on this entry
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Repayment Schedule for Shahida M. Sadiq's Group
Repayment Schedule for Shahida M. Sadiq's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| November 2008 | $95.83 | $96.00 |  Repayment Received
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| December 2008 | $95.83 | $96.00 | Repayment Received
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| January 2009 | $95.83 | $95.50 | Repayment Received
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| February 2009 | $95.83 | $95.83 | Repayment Received
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| March 2009 | $95.83 | $95.83 | Repayment Received
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| April 2009 | $95.83 | $95.83 | Repayment Received
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| May 2009 | $95.83 | $95.83 | Repayment Received
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| June 2009 | $95.83 | $95.83 | Repayment Received
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| July 2009 | $95.83 | $95.83 | Repayment Received
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| August 2009 | $95.83 | $95.83 | Repayment Received
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| September 2009 | $95.83 | $0.00 |  Delinquent
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| October 2009 | $95.87 | $0.00 | Delinquent
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