Mumtaz Barkat Ali Group
Status: Paying Back - Delinquent
| $1,100.00 | Loan Amount |
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About the Group
| Group Name: | Mumtaz Barkat Ali Group |
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| Group Members: |
Mumtaz Barkat ali Majeedan M.Ramzan Nasreen Hanif Masih Parveen Hashim Masih Hamidan Sharafat Ali |
| Location: | Ismail Nagar, Pakistan |
| Activity: | Services |
About the Loan
| Loan Amount: | $1,100.00 |
|---|---|
| Loan Use: | To buy paint brushes and paints. |
| Repayment Term: | 13 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Dec 7, 2008 |
| Date Disbursed: | Dec 24, 2008 |
| Date Funded: | Dec 12, 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: | 80.8100 PKR = 1 USD |
Mumtaz baji is a 41 year old married woman and resides in Lahore, Pakistan. Her husband, Barkat ali, is a painter by profession and sells paints as well. Mumtaz baji is the mother of three sons. For the past 20 years, Mumtaz baji has been a seamstress and sews clothes by taking orders from her neighborhood. She is is requesting a loan to buy paint brushes and paints to expand her family business.
She is a group leader of a few more members of her locality. Majeedan baji is requesting a loan to buy wheels for vehicles to resell. Nasreen baji is requesting a loan to buy seasonal fruits for her fruit selling business. Parveen baji is requesting a loan to pay the installments of her auto-rickshaw (a local three-wheeled motor vehicle). Hamidan baji is requesting a loan to buy repairing tools for her mobile phone repairing 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 each others loans. If one member does not repay, the other members are responsible for repayment of the entire loan.
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 Mumtaz Barkat Ali Group
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Loan has been disbursed
Location: Ismail Nagar, Pakistan
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Posted by
from Ismail Nagar, Pakistan
Dec 24, 2008 |
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Comment on this entry
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Repayment Schedule for Mumtaz Barkat Ali Group
Repayment Schedule for Mumtaz Barkat Ali Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| March 2009 | $47.83 | $50.00 |  Repayment Received
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| April 2009 | $95.66 | $100.00 | Repayment Received
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| May 2009 | $95.66 | $100.00 | Repayment Received
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| June 2009 | $143.49 | $170.00 | Repayment Received
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| July 2009 | $95.66 | $30.00 | Repayment Received
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| August 2009 | $95.66 | $100.00 |  Delinquent
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| September 2009 | $95.66 | $0.00 | Delinquent
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| October 2009 | $95.66 | $0.00 | Delinquent
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| November 2009 | $143.49 | $0.00 | Delinquent
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| December 2009 | $95.66 | Available Dec 1 | |||
| January 2010 | $95.57 | Available Jan 1 | |||
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