Khursheedan M. Mushtaq Group


Status: Paying Back - Delinquent

$875.00   Loan Amount
41% repaid

About the Group

Group Name: Khursheedan M. Mushtaq Group
Group Members: Khursheedan M. Mushtaq
Khairan Kalay Khan
Allah Muafi M.Hussain
Nazia Sajid Hussain
Hamidan M.Sharif
Location: Pakpattan, Pakistan
Activity: Embroidery

About the Loan

Loan Amount: $875.00
Loan Use: To buy a donkey cart for selling fruits
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 20, 2009
Date Disbursed: Jan 28, 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



My name is Khursheedan and I’m 29. I have resided in a city named Pakpattan, Pakistan for the past 10 years. I completed my education till 4th standard and couldn’t study further due to low financial resources. My husband's name is M. Mushtaq and he is a fruit seller by profession with 3 years of experience. I have four kids: two sons and two daughters. None of my kids is getting an education. We all know that inflation is increasing rapidly and it’s difficult for a single person to serve his family. So from an honest feeling I help my husband by making embroidered dresses. I completed a dress in 3 days and sell it in the cloth market and earn good income for it. I used my income to pay the expenses of my house and my husband pays the bills; e.g., electricity, water and gas. Our kids admire our struggle from the core of their hearts. I am applying for a loan to buy a donkey cart so that my husband can sell the fruit easily without any walking pain."

She is a group leader of some more woman of her locality. Khairan Baji want a loan to buy fertilizer to resell. Allah Muafi Baji wants a loan to buy a buffalo for her milk selling business. Nazia Baji wants a loan to buy electric items such as televisions and fridges on installments to resell. Hamidan Baji wants a loan to buy animals (goats) for her animal 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 Khursheedan M. Mushtaq Group


Loan has been disbursed
 
Entrepreneur: Khursheedan M. Mushtaq Group
Location: Pakpattan, Pakistan

Thank you for your loan. It has been disbursed to the Khursheedan M. Mushtaq group, consisting of Khursheedan M. Mushtaq, Khairan Kalay Khan, Allah Muafi M.Hussain, Nazia Sajid Hussain, Hamidan M.Sharif 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 Pakpattan, Pakistan
Jan 28, 2009
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Kiva Help Repayment Schedule for Khursheedan M. Mushtaq Group

  Expected Repayments Actual Repayments Comments
April 2009 $38.04 $40.16 Repayment Received
May 2009 $76.08 $80.31 Repayment Received
June 2009 $76.08 $120.47 Repayment Received
July 2009 $76.08 $40.16 Repayment Received
August 2009 $76.08 $80.31 Repayment Received
September 2009 $114.12 $0.00 Delinquent
October 2009 $76.08 $0.00 Delinquent
November 2009 $76.08 $0.00 Delinquent
December 2009 $76.08 Available Dec 1  
January 2010 $76.08 Available Jan 1  
February 2010 $114.20 Available Feb 1