Jamila Mushtaq Ahmad's Group
Status: Paying Back - Delinquent
| $750.00 | Loan Amount |
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About the Group
| Group Name: | Jamila Mushtaq Ahmad's Group |
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| Group Members: |
Zahida Asghar Rani Abdul Rashid Naseem Adeeb Ali Kaleema M.aslam Jamila Mushtaq Ahmad |
| Location: | Lahore, Pakistan |
| Activity: | Manufacturing |
About the Loan
| Loan Amount: | $750.00 |
|---|---|
| Loan Use: | To buy another lathe |
| Repayment Term: | 14 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Sep 26, 2008 |
| Date Disbursed: | Oct 10, 2008 |
| Date Funded: | Sep 26, 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: | 78.0000 PKR = 1 USD |
Jamila baji's husband has a lathe workshop with an experience of 20 years. Her sons help their father in his business. Jamila baji is a housewife and prefers to do household work and take care of her family. She is applying for a loan to buy another lathe for her husband.
She is joined in her loan group by several more members. Kaleema baji wants a loan to buy iron to make chains which are used to tie up cattle. Naseem baji wants a loan to buy clothes to re-sell. Rani baji wants a loan to buy seasonal fruit. Zahida baji wants a loan to repair her family's auto-rickshaw (a local three-wheeled motor vehicle).
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 Jamila Mushtaq Ahmad's Group
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Loan has been disbursed
Location: Lahore, Pakistan
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Posted by
from Lahore, Pakistan
Oct 1, 2008 |
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Comments (1)
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Repayment Schedule for Jamila Mushtaq Ahmad's Group
Repayment Schedule for Jamila Mushtaq Ahmad's Group
| Expected Repayments | Actual Repayments | Comments | |||
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| January 2009 | $62.50 | $62.50 |  Repayment Received
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| February 2009 | $62.50 | $62.50 | Repayment Received
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| March 2009 | $62.50 | $62.50 | Repayment Received
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| April 2009 | $62.50 | $62.50 | Repayment Received
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| May 2009 | $62.50 | $62.50 | Repayment Received
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| June 2009 | $62.50 | $62.50 | Repayment Received
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| July 2009 | $62.50 | $62.50 | Repayment Received
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| August 2009 | $62.50 | $62.50 | Repayment Received
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| September 2009 | $62.50 | $0.00 |  Delinquent
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| October 2009 | $62.50 | $0.00 | Delinquent
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| November 2009 | $62.50 | $0.00 | Delinquent
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| December 2009 | $62.50 | Available Dec 1 | |||
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