Shazia Kala Masih's Group


Status: Paying Back - Delinquent

$575.00   Loan Amount
58% repaid

About the Group

Group Name: Shazia Kala Masih's Group
Group Members: Lubna Ejaz Masih
Nargis Sadiq Masih
Fozia Javed Masih
Shazia Kala Masih
Location: Lahore, Pakistan
Activity: Rickshaw

About the Loan

Loan Amount: $575.00
Loan Use: To buy an auto-rickshaw (a local three-wheeled motor vehicle)
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 22, 2008
Date Disbursed: Nov 6, 2008
Date Funded:Oct 23, 2008

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.6100 PKR = 1 USD



Shazia baji is a daughter of Kala Masih and lives in a small area named Bund Road in the city of Lahore, Pakistan. She has been living in this area for the last 20 years. She completed her education until 10th standard [grade]. She has one brother. Her brother is a driver by profession and drives a rented auto-rickshaw (a local three-wheeled motor vehicle) and earns a profit. She is applying for a loan to buy an auto-rickshaw for her brother so that he is able to earn a better profit.



Shazia baji is joined in her loan group by a few more members. Fozia baji wants a loan to buy more clothes to resell. Nargis baji wants a loan to buy a donkey cart for loading. Lubna baji wants a loan to buy more wood to resell.



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 Shazia Kala Masih's Group


Loan has been disbursed
 
Entrepreneur: Shazia Kala Masih's Group
Location: Lahore, Pakistan

Thank you for your loan. It has been disbursed to the Shazia Kala Masih's Group group, consisting of Shazia Kala Masih, Fozia Javed Masih, Nargis Sadiq Masih, Lubna Ejaz Masih 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 Lahore, Pakistan
Oct 23, 2008
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Kiva Help Repayment Schedule for Shazia Kala Masih's Group

  Expected Repayments Actual Repayments Comments
February 2009 $47.92 $47.92 Repayment Received
March 2009 $47.92 $47.92 Repayment Received
April 2009 $47.92 $47.92 Repayment Received
May 2009 $47.92 $47.92 Repayment Received
June 2009 $47.92 $47.91 Repayment Received
July 2009 $47.92 $47.92 Repayment Received
August 2009 $47.92 $47.92 Repayment Received
September 2009 $47.92 $0.00 Delinquent
October 2009 $47.92 $0.00 Delinquent
November 2009 $47.92 $0.00 Delinquent
December 2009 $47.92 Available Dec 1  
January 2010 $47.88 Available Jan 1