Haleema Abdul Razaaq Group


Status: Paying Back - Delinquent

$1,425.00   Loan Amount
66% repaid

About the Group

Group Name: Haleema Abdul Razaaq Group
Group Members: Saddaqat Ghulam Muhammad
Shamim Zafar Haider
Nazia M.mairaj
Rashida Faiz Muhammad
Haleema Abdul Razzaq
Location: Multan, Pakistan
Activity: Medical Clinic

About the Loan

Loan Amount: $1,425.00
Loan Use: To buy medicines for medical store
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 21, 2008
Date Disbursed: Oct 5, 2008
Date Funded:Sep 21, 2008

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:73.4100 PKR = 1 USD



Haleema baji is the wife of Mr. Abdul Razzaq. She lives in an area of Multan called Shah Rukn-e-Alam. It is famous for its beautiful handmade things. Haleema baji has been living in this area for the last 25 years. She has one son. Her husband is a street-side medic. Her son is a medical rep in a clinic. She is a housewife and prefers to do household works. She successfully repaid her two loans from Asasah (a microfinance institute of Pakistan). Now, she is applying for a loan for her son who wants to buy medicines to start his own medical shop.


She is joined in her loan group by a few more members. Rashida baji wants a loan to buy more cloth to resell. Shamim baji wants a loan to buy electric supplies for her electric shop. Nazia baji wants a loan to buy milk for her milk-selling business. Saddaqat Begum baji wants a loan to buy cloth for her cloth 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 Haleema Abdul Razaaq Group


Loan has been disbursed
 
Entrepreneur: Haleema Abdul Razaaq Group
Location: Multan, Pakistan

Thank you for your loan. It has been disbursed to the Haleema Abdul Razaaq group, consisting of Haleema Abdul Razzaq, Rashida Faiz Muhammad, Nazia M.mairaj, Shamim Zafar Haider, Saddaqat Ghulam Muhammad by Asasah, a partner of Save the Children in Pakistan. We are excited to watch this business grow. Over the next 12 months, Asasah, a partner of Save the Children will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by Maryam Zafar from Multan, Pakistan
Sep 21, 2008
Comments (1)

Kiva Help Repayment Schedule for Haleema Abdul Razaaq Group

  Expected Repayments Actual Repayments Comments
December 2008 $0.00 $119.00  
January 2009 $118.75 $0.00 Repayment Received
February 2009 $118.75 $118.50 Repayment Received
March 2009 $118.75 $118.75 Repayment Received
April 2009 $118.75 $118.75 Repayment Received
May 2009 $118.75 $118.75 Repayment Received
June 2009 $118.75 $118.74 Repayment Received
July 2009 $118.75 $118.75 Repayment Received
August 2009 $118.75 $118.75 Repayment Received
September 2009 $118.75 $0.00 Delinquent
October 2009 $118.75 $0.00 Delinquent
November 2009 $118.75 $0.00 Delinquent
December 2009 $118.75 Available Dec 1