Rehana Saleem Butt's Group


Status: Paying Back - Delinquent

$825.00   Loan Amount
58% repaid

About the Group

Group Name: Rehana Saleem Butt's Group
Group Members: Rehana Saleem Butt
Rubina M.aslam
Naseem M.aslam
Nusrat Abdul Ghafoor
Nasreen Aziz Masih
Location: Lahore, Pakistan
Activity: Clothing Sales

About the Loan

Loan Amount: $825.00
Loan Use: To buy more clothes to resell
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 23, 2008
Date Disbursed: Nov 7, 2008
Date Funded:Oct 24, 2008

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.8000 PKR = 1 USD



Rehana baji is the wife of Saleem and lives in a small area named Bund Road of City Lahore, Pakistan. She owes a two-room brick house and has been living in it for the last 16 years. She is the mother of six children: five daughters and one son. All of her daughters are married. Her son makes belts and sells them in a market. Rehana baji’s husband works in a factory. Rehana baji herself has a clothes-selling business. She buys clothes from a city named Faisal Abad. Faisal Abad city is famous for its clothes. She has been selling clothes for the last 5 years. She is applying for a loan to buy more clothes to resell.

She is joined in her loan group by a few more members. Rubina baji wants a loan to buy seasonal vegetables to resell. Naseem baji wants a loan to buy a sewing machine to sew clothes. Nusrat baji wants a loan to buy more garments to resell. Nasreen baji wants a loan to expand her paint-selling 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 Rehana Saleem Butt's Group


Loan has been disbursed
 
Entrepreneur: Rehana Saleem Butt's Group
Location: Lahore, Pakistan

Thank you for your loan. It has been disbursed to the Rehana Saleem Butt group, consisting of Rehana Saleem Butt, Rubina M.aslam, Naseem M.aslam, Nusrat Abdul Ghafoor, Nasreen Aziz 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 from Lahore, Pakistan
Nov 8, 2008
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Kiva Help Repayment Schedule for Rehana Saleem Butt's Group

  Expected Repayments Actual Repayments Comments
February 2009 $68.75 $68.75 Repayment Received
March 2009 $68.75 $68.75 Repayment Received
April 2009 $68.75 $68.75 Repayment Received
May 2009 $68.75 $68.75 Repayment Received
June 2009 $68.75 $68.75 Repayment Received
July 2009 $68.75 $68.75 Repayment Received
August 2009 $68.75 $68.75 Repayment Received
September 2009 $68.75 $0.00 Delinquent
October 2009 $68.75 $0.00 Delinquent
November 2009 $68.75 $0.00 Delinquent
December 2009 $68.75 Available Dec 1  
January 2010 $68.75 Available Jan 1