Razia Liaqat Ali Group


Status: Paying Back - Delinquent

$275.00   Loan Amount
41% repaid

About the Group

Group Name: Razia Liaqat Ali Group
Group Members: Razia Liaqat Ali
Saira Nisar Ahmad
Location: Mumtazabad, Pakistan
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $275.00
Loan Use: To buy fruit to re-sell
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 22, 2009
Date Disbursed: Jan 29, 2009
Date Funded:Jan 22, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:79.9000 PKR = 1 USD



Razia baji is a 28-year-old married lady and has lived in a city called Multan, Pakistan for the past 28 years. She is the mother of four kids: three sons and one daughter. None of her children goes to school. Her husband's name is Liaqat Ali and he is a fruit seller and has been selling fruit for the past 15 years. He buys fruit from the fruit market and sells it in different communities of Multan. Razia baji helps her husband in arranging the fruit in their cart. She is applying for a loan to expand their fruit-selling business by buying more fruit.



She is the group leader and there is another lady in her loan group. Saira baji wants a loan to buy burgers, eggs, cooking oil, and spices for her burger joint.



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 Razia Liaqat Ali Group


Loan has been disbursed
 
Entrepreneur: Razia Liaqat Ali Group
Location: Mumtazabad, Pakistan

Thank you for your loan. It has been disbursed to the Razia Liaqat Ali group, consisting of Razia Liaqat Ali , Saira Nisar Ahmad 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 29, 2009
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Kiva Help Repayment Schedule for Razia Liaqat Ali Group

  Expected Repayments Actual Repayments Comments
April 2009 $11.96 $11.96 Repayment Received
May 2009 $23.92 $25.86 Repayment Received
June 2009 $23.92 $37.81 Repayment Received
July 2009 $23.92 $12.60 Repayment Received
August 2009 $23.92 $25.21 Repayment Received
September 2009 $35.88 $0.00 Delinquent
October 2009 $23.92 $0.00 Delinquent
November 2009 $23.92 $0.00 Delinquent
December 2009 $23.92 Available Dec 1  
January 2010 $23.92 Available Jan 1  
February 2010 $35.80 Available Feb 1