Kalsoom Mai Tariq Mahmood Baig Group


Status: Paying Back - Delinquent

$675.00   Loan Amount
41% repaid

About the Group

Group Name: Kalsoom Mai Tariq Mahmood Baig Group
Group Members: Kalsoom mai Tariq Mahmood baig
Yasmeen M. Mushtaq
Reema M.Kamran
Abida Malik Imdad Hussain
Samina Ghulam Abbas
Location: Mumtazabad, Pakistan
Activity: Rickshaw

About the Loan

Loan Amount: $675.00
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: Jan 22, 2009
Date Disbursed: Jan 28, 2009
Date Funded:Jan 22, 2009

About the Country

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



Kalsoom mai baji is the wife of Tariq Mahmood baig and has resided in a city named Multan, Pakistan for the past 12 years. She is 38 years old and the mother of three kids: two sons and one daughter. Kalsoom mai baji completed her education until the 10th standard and then she got married to her husband who has a very kind nature. Kalsoom mai baji learned the skill of embroidery and now runs her own boutique in the community. Her husband is a driver by profession and drives a rented auto-rickshaw (a local three-wheeled motor vehicle). She is applying for a loan to buy an auto-rickshaw.



Kalsoom mai baji is a group leader of some more women of her locality. Yasmeen baji is requesting a loan to buy material (beads, sketches and colored thread) for her decorative embroidery business. Reema baji is requesting a loan to buy bangles for her bangle selling business. Abida baji is requesting a loan to buy vegetables for her vegetable selling business. Samina baji is requesting a loan to buy seasonal fruits for her fruit 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 Kalsoom Mai Tariq Mahmood Baig Group


Loan has been disbursed
 
Entrepreneur: Kalsoom Mai Tariq Mahmood Baig Group
Location: Mumtazabad, Pakistan

Thank you for your loan. It has been disbursed to the Kalsoom mai Tariq Mahmood baig group, consisting of Kalsoom mai Tariq Mahmood baig , Yasmeen M. Mushtaq, Reema M.Kamran, Abida Malik Imdad Hussain, Samina Ghulam Abbas 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 Mumtazabad, Pakistan
Jan 28, 2009
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Kiva Help Repayment Schedule for Kalsoom Mai Tariq Mahmood Baig Group

  Expected Repayments Actual Repayments Comments
April 2009 $29.35 $29.35 Repayment Received
May 2009 $58.70 $63.14 Repayment Received
June 2009 $58.70 $92.48 Repayment Received
July 2009 $58.70 $30.83 Repayment Received
August 2009 $58.70 $61.66 Repayment Received
September 2009 $88.05 $0.00 Delinquent
October 2009 $58.70 $0.00 Delinquent
November 2009 $58.70 $0.00 Delinquent
December 2009 $58.70 Available Dec 1  
January 2010 $58.70 Available Jan 1  
February 2010 $88.00 Available Feb 1