Shazia Ghulam Hussain Group


Status: Paying Back - Delinquent

$425.00   Loan Amount
41% repaid

About the Group

Group Name: Shazia Ghulam Hussain Group
Group Members: Shazia Ghulam Hussain
Rukhsana Safdar Hussain
Naseem Mahmood ahmad
Ayesha M.Rafiq
Location: Vehari, Pakistan
Activity: Patchwork

About the Loan

Loan Amount: $425.00
Loan Use: To buy material for quilt making and selling
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 20, 2009
Date Disbursed: Jan 27, 2009
Date Funded:Jan 20, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:79.3150 PKR = 1 USD



Shazia baji is a 25-year-old married lady. She owns a two-room brick house in a city named Vehari and has lived with her family for the past 3 years. Her husband's name is Ghulam Hussain, who has a quilt selling business. Shazia baji makes quilts and her husband goes to market to sell them. They both have been working in this business for the past 20 years. She is applying for a loan to buy material (thread and cloth) to expand her quilt-making and selling business.



She is a group leader of some more women of her locality. Rukhsana baji, Naseem baji and Ayesha baji each want a loan to buy material (thread and cloth) for their quilt-making and selling businesses.



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 Ghulam Hussain Group


Loan has been disbursed
 
Entrepreneur: Shazia Ghulam Hussain Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to the Shazia Ghulam Hussain group, consisting of Shazia Ghulam Hussain , Rukhsana Safdar Hussain, Naseem Mahmood ahmad, Ayesha M.Rafiq by Asasah, a partner of Save the Children in Pakistan. We are excited to watch this business grow. Over the 11 months of this loan, 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 Vehari, Pakistan
Jan 27, 2009
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Kiva Help Repayment Schedule for Shazia Ghulam Hussain Group

  Expected Repayments Actual Repayments Comments
April 2009 $18.48 $19.37 Repayment Received
May 2009 $36.96 $38.74 Repayment Received
June 2009 $36.96 $58.10 Repayment Received
July 2009 $36.96 $19.37 Repayment Received
August 2009 $55.44 $38.74 Delinquent
September 2009 $36.96 $0.00 Delinquent
October 2009 $36.96 $0.00 Delinquent
November 2009 $36.96 $0.00 Delinquent
December 2009 $36.96 Available Dec 1  
January 2010 $36.96 Available Jan 1  
February 2010 $55.40 Available Feb 1