Shamim M.salman's Group
Status: Paying Back - Delinquent
| $925.00 | Loan Amount |
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About the Group
| Group Name: | Shamim M.salman's Group |
|---|---|
| Group Members: |
Rashida Asghar Ali Irshad Abdul Ghaffar Kanizan Bashir Ahmad Shamim M.salman |
| Location: | Borewala, Pakistan |
| Activity: | Clothing Sales |
About the Loan
| Loan Amount: | $925.00 |
|---|---|
| Loan Use: | To expand their businesses |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Aug 24, 2008 |
| Date Disbursed: | Sep 13, 2008 |
| Date Funded: | Aug 30, 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: | 71.5100 PKR = 1 USD |
She is joined in her loan group by a few more members: Kanizan baji and Irshad baji each want a loan to buy an auto-rickshaw (local three-wheeled motor vehicle); and Rashida baji wants a loan to buy garments for her clothing 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 Shamim M.salman's Group
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Loan has been disbursed
Location: Borewala, Pakistan
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Posted by
Maryam Zafar from Borewala, Pakistan
Sep 7, 2008 |
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Comment on this entry
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Repayment Schedule for Shamim M.salman's Group
Repayment Schedule for Shamim M.salman's Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| December 2008 | $77.08 | $78.00 |  Repayment Received
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| January 2009 | $77.08 | $76.17 | Repayment Received
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| February 2009 | $77.08 | $77.08 | Repayment Received
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| March 2009 | $77.08 | $77.08 | Repayment Received
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| April 2009 | $77.08 | $77.08 | Repayment Received
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| May 2009 | $77.08 | $77.08 | Repayment Received
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| June 2009 | $77.08 | $77.08 | Repayment Received
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| July 2009 | $77.08 | $77.08 | Repayment Received
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| August 2009 | $77.08 | $77.08 | Repayment Received
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| September 2009 | $77.08 | $0.00 |  Delinquent
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| October 2009 | $77.08 | $0.00 | Delinquent
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| November 2009 | $77.12 | $0.00 | Delinquent
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