Bakhan Abdul Majeed's Group
Status: Paying Back - Delinquent
| $950.00 | Loan Amount |
|---|
About the Group
| Group Name: | Bakhan Abdul Majeed's Group |
|---|---|
| Group Members: |
Sakina M. Hussain Parveen M. Aslam Bakhan Abdul Majeed |
| Location: | Arifwala, Pakistan |
| Activity: | Livestock |
About the Loan
| Loan Amount: | $950.00 |
|---|---|
| Loan Use: | To expand their businesses |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Jul 27, 2008 |
| Date Disbursed: | Sep 1, 2008 |
| Date Funded: | Aug 18, 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: | 70.1500 PKR = 1 USD |
A resident of Arifwala, Pakistan, Bakhan baji has been married to Abdul Majeed for the last 25 years. She has no children. Her husband has been in the livestock business for the last 10 years. Bakhan baji successfully completed two loans from Asasah, a microfinance institute of Pakistan. Now she would like a loan for her husband’s business so that he is able to sell more milk and earn greater profits.
Her loan group includes two more members. Parveen baji wants a loan for her embroidery business, and Sakina baji wants a loan for her spice business.
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 so that 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 Bakhan Abdul Majeed's Group
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Loan has been disbursed
Location: Arifwala, Pakistan
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Posted by
from Arifwala, Pakistan
Sep 2, 2008 |
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Comments (1)
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Repayment Schedule for Bakhan Abdul Majeed's Group
Repayment Schedule for Bakhan Abdul Majeed's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2008 | $79.17 | $80.00 |  Repayment Received
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| January 2009 | $79.17 | $78.33 | Repayment Received
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| February 2009 | $79.17 | $79.17 | Repayment Received
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| March 2009 | $79.17 | $79.17 | Repayment Received
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| April 2009 | $79.17 | $79.17 | Repayment Received
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| May 2009 | $79.17 | $79.17 | Repayment Received
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| June 2009 | $79.17 | $79.16 | Repayment Received
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| July 2009 | $79.17 | $79.17 | Repayment Received
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| August 2009 | $79.17 | $79.17 | Repayment Received
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| September 2009 | $79.17 | $0.00 |  Delinquent
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| October 2009 | $79.17 | $0.00 | Delinquent
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| November 2009 | $79.13 | $0.00 | Delinquent
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