Sugran Sabir Ali's Group


Status: Paying Back - Delinquent

$700.00   Loan Amount
74% repaid

About the Group

Group Name: Sugran Sabir Ali's Group
Group Members: Rani M.siddique
Parveen M.aslam
Bano Bhoola
Hamidan M.shafee
Sugran Sabir Ali
Location: Kasur, Pakistan
Activity: Musical Performance

About the Loan

Loan Amount: $700.00
Loan Use: To buy a musical instrument
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Sep 12, 2008
Date Disbursed: Sep 27, 2008
Date Funded:Sep 13, 2008

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:76.0500 PKR = 1 USD



Sugran Sabir Ali is the wife of Sabir Ali and lives in Kasur city, Pakistan. Kasur is famous for its sweetmeat and historical places. She owns a two room brick house and has been living in it for the last 40 years. She is the mother of six children: five sons and one daughter. Her eldest son handles power loom machines. Her second eldest son makes decoratively embroidered clothing. The other children are enrolled in a local neighborhood school. Sugran baji's husband has a musical band that plays at wedding functions. Sugran baji is a housewife and prefers to do household work. She is applying for a loan to buy a musical instrument for her husband's band.



She is joined in her loan group by a few more members. Hamidan M.shafee and Rani M.siddique each want a loan to buy seasonal fruits to resell. Bano Bhoola wants a loan to buy materials (sharp razors, creams, etc.) for her barber shop. Parveen M.aslam wants a loan to buy materials (beads, colored thread, sketches, etc.) for her decorative embroidery 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 Sugran Sabir Ali's Group


Loan has been disbursed
 
Entrepreneur: Sugran Sabir Ali's Group
Location: Kasur, Pakistan

Thank you for your loan. It has been disbursed to the Sugran Sabir Ali group, consisting of Sugran Sabir Ali, Hamidan M.shafee, Bano Bhoola, Parveen M.aslam, Rani M.siddique 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 from Kasur, Pakistan
Sep 27, 2008
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Kiva Help Repayment Schedule for Sugran Sabir Ali's Group

  Expected Repayments Actual Repayments Comments
December 2008 $58.33 $0.00 Repayment Received
January 2009 $58.33 $116.67 Repayment Received
February 2009 $58.33 $58.33 Repayment Received
March 2009 $58.33 $58.33 Repayment Received
April 2009 $58.33 $58.33 Repayment Received
May 2009 $58.33 $58.33 Repayment Received
June 2009 $58.33 $58.33 Repayment Received
July 2009 $58.33 $58.33 Repayment Received
August 2009 $58.33 $58.33 Repayment Received
September 2009 $58.33 $0.00 Delinquent
October 2009 $58.33 $0.00 Delinquent
November 2009 $58.37 $0.00 Delinquent