Musarat Mahmood Akhtar Group
Status: Paying Back - Delinquent
| $700.00 | Loan Amount |
|---|
About the Group
| Group Name: | Musarat Mahmood Akhtar Group |
|---|---|
| Group Members: |
Musarat Mahmood akhtar Parveen Shakeel Masih Jamila Ashraf Masih |
| Location: | Arifwala, Pakistan |
| Activity: | Rickshaw |
About the Loan
| Loan Amount: | $700.00 |
|---|---|
| Loan Use: | To buy an auto-rickshaw (a local three-wheeled motor vehicle). |
| Repayment Term: | 13 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Dec 26, 2008 |
| Date Disbursed: | Dec 29, 2008 |
| Date Funded: | Dec 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: | 78.8350 PKR = 1 USD |
Musarat baji has a business knitting bed sheets and sofa covers, saving part of her income and using the rest to pay her son’s school fees. She is now applying for a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle) for her husband.
Musarat is a group leader of two other women:
Parveen baji wants a loan to buy milk to resell.
Jamila baji wants a loan to buy a donkey cart for loading.
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, so 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 Musarat Mahmood Akhtar Group
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Loan has been disbursed
Location: Arifwala, Pakistan
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Posted by
from Arifwala, Pakistan
Dec 29, 2008 |
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Comment on this entry
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Repayment Schedule for Musarat Mahmood Akhtar Group
Repayment Schedule for Musarat Mahmood Akhtar Group
| Expected Repayments | Actual Repayments | Comments | |||
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| March 2009 | $30.43 | $31.82 |  Repayment Received
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| April 2009 | $60.86 | $63.64 | Repayment Received
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| May 2009 | $60.86 | $63.64 | Repayment Received
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| June 2009 | $60.86 | $108.18 | Repayment Received
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| July 2009 | $60.86 | $19.09 | Repayment Received
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| August 2009 | $91.29 | $63.64 |  Delinquent
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| September 2009 | $60.86 | $0.00 | Delinquent
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| October 2009 | $60.86 | $0.00 | Delinquent
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| November 2009 | $60.86 | $0.00 | Delinquent
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| December 2009 | $60.86 | Available Dec 1 | |||
| January 2010 | $91.40 | Available Jan 1 | |||
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