Nor Mohammad Qaleen Baf Group


Status: Paid Back

$850.00   Loan Request
$850.00   Paid Back

About the Group

Group Name: Nor Mohammad Qaleen Baf Group
Group Members: Bazally Aozalee
Raza jan Aoz Alee
Arozo Sayad khan
Khier begom Ghlam vaze
Location: Kabul, Afghanistan
Activity: Services

About the Loan

Loan Amount: $850.00
Loan Use: to buy supplies of basic materials for her business
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 22, 2009
Date Disbursed: Jan 21, 2009
Date Funded:Jan 22, 2009
Loan Ended:Sep 15, 2009

About the Country

Country:Afghanistan
Avg Annual Income:$1,490.00
Currency:Afghanistan Afghanis (AFN)
Exchange Rate:47.5154 AFN = 1 USD



Nor Mohammad is the group leader of Nor Mohammad Qaleen baf group. There are four members in this group. All of them would like to make a group loan for their businesses.

Bazally and Raza jan want to take a loan out for their business of tailoring. They want to buy a new machine for their business. Arozo wants a loan for her business of carpet weaving. She wants to buy supplies of basic materials for her business. Khier Begom would like the loan for her "in house bakery" as she wants to increase her stock. Together, they are requesting a loan of 40000 Afghani for the term of 8 months.

With this loan they can increase the size of their businesses and support their families, making a better future for themselves and there families.




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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Lenders to this group

Russ
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Misslolgirl
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Richard
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kamel
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Anonymous
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Dave
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Pat
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Siobhan
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Num and LoH
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Anonymous
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Jonathan
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John and Debbie
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Renee

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Tom & Jean
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Michael
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Journal entries for Nor Mohammad Qaleen Baf Group


Loan has been disbursed
 
Entrepreneur: Nor Mohammad Qaleen Baf Group
Location: Kabul, Afghanistan

Thank you for your loan. It has been disbursed to the Bazally Aozalee group, consisting of Bazally Aozalee, Raza jan Aoz Alee, Arozo Sayad khan, Khier begom Ghlam vaze by Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps in Afghanistan. We are excited to watch this business grow. Over the 7 months of this loan, Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kabul, Afghanistan
Jan 23, 2009
Comment on this entry

Nor Mohammd group after the loan
 
Entrepreneur: Nor Mohammad Qaleen Baf Group
Location: Kabul, Afghanistan

Nor Mohammd group members are really glad from the new change of their business. Each of the group members bought the required materials referring to their business. Bazally and Raza could buy their new tailoring machine which enabled them sew more good design clothes , Arozo could buy the materials of carpet weaving and Khie Begom bough more flour and fire wood for her bakery business.

They all have progressed business and thank the Kiva lenders.


Posted by Roya Omari from Kabul, Afghanistan
May 7, 2009
Comment on this entry

Kiva Help Repayment Schedule for Nor Mohammad Qaleen Baf Group

  Expected Repayments Actual Repayments Comments
March 2009 $106.25 $106.25 Repayment Received
April 2009 $106.25 $106.25 Repayment Received
May 2009 $106.25 $106.25 Repayment Received
June 2009 $106.25 $106.24 Repayment Received
July 2009 $106.25 $106.25 Repayment Received
August 2009 $106.25 $106.25 Repayment Received
September 2009 $106.25 $106.26 Repayment Received
October 2009 $106.25 $106.25 Repayment Received