Shahnaz Akhtar M. Rafiq's Group


Status: Paying Back - Delinquent

$950.00   Loan Amount
58% repaid

About the Group

Group Name: Shahnaz Akhtar M. Rafiq's Group
Group Members: Shahnaz Akhtar M. Rafiq
Sugran Shouqat Ali
Ramzana Abdul Rahman
Ruqaiya M.rafiq
Hidayat Niamat Ali
Location: Lahore, Pakistan
Activity: Embroidery

About the Loan

Loan Amount: $950.00
Loan Use: Buy supplies for embroidery business
Repayment Term: 14 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Oct 28, 2008
Date Disbursed: Nov 11, 2008
Date Funded:Oct 28, 2008

About the Country

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



Shahnaz Akhtar baji is the wife of M. Rafiq and lives in an area named Walton in the city of Lahore, Pakistan. She owns a two-room house, where she has lived for the last 22 years. She is the mother of five children: three sons and two daughters. Her eldest son has a decorative embroidery business. Her other sons are in kindergarten. Her elder daughter sews clothes for neighbors at home. Her younger daughter is in the fourth standard.


Shahnaz baji’s husband works for the government. Shahnaz baji is a housewife and prefers to do household work and take care of her family. She successfully repaid her first loan from Asasah. Now she requests a loan to buy colored thread, beads, and sketches of designs for her son’s embroidery business.


Shahnaz baji has several other members in her loan group. Sugran baji requests a loan to buy masonry tools for her husband. Ramzana baji and Ruqaiya baji each request a loan to buy groceries to sell in their grocery shop. Hidayat baji requests a loan to buy seasonal fruits to resell.



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 Shahnaz Akhtar M. Rafiq's Group


Loan has been disbursed
 
Entrepreneur: Shahnaz Akhtar M. Rafiq's Group
Location: Lahore, Pakistan

Thank you for your loan. It has been disbursed to the Shahnaz Akhtar M. Rafiq group, consisting of Shahnaz Akhtar M. Rafiq, Sugran Shouqat Ali, Ramzana Abdul Rahman, Ruqaiya M.rafiq, Hidayat Niamat Ali 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 12, 2008
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Kiva Help Repayment Schedule for Shahnaz Akhtar M. Rafiq's Group

  Expected Repayments Actual Repayments Comments
February 2009 $79.17 $79.17 Repayment Received
March 2009 $79.17 $79.17 Repayment Received
April 2009 $79.17 $79.17 Repayment Received
May 2009 $79.17 $79.17 Repayment Received
June 2009 $79.17 $79.16 Repayment Received
July 2009 $79.17 $79.17 Repayment Received
August 2009 $79.17 $79.17 Repayment Received
September 2009 $79.17 $0.00 Delinquent
October 2009 $79.17 $0.00 Delinquent
November 2009 $79.17 $0.00 Delinquent
December 2009 $79.17 Available Dec 1  
January 2010 $79.13 Available Jan 1