Khalida M.suleman Group


Status: Paying Back - Delinquent

$1,000.00   Loan Amount
36% repaid

About the Group

Group Name: Khalida M.suleman Group
Group Members: Khalida M. Suleman
Kalsoom M.Afzal
Shahnaz Rahmat Ali
Shagufta Ghulam Mustafa
Khalida Iftikhar Ahmad
Location: Arifwala, Pakistan
Activity: Manufacturing

About the Loan

Loan Amount: $1,000.00
Loan Use: To buy plastic pellets for making plastic bottles
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Jan 23, 2009
Date Disbursed: Jan 29, 2009
Date Funded:Jan 23, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:79.3100 PKR = 1 USD



Khalida baji is a 52-year-old married lady and a citizen of a city called Arifwala, Pakistan for the past 25 years. She is married to a man whose name is M. Suleman, and he is a mason by profession. She is the mother of four sons. Her eldest son has a plastic bottle-making business. Another is a daily wage labor. The others are getting an education from a school which located near their house.



Khalida baji loves her family and her family calls her a very loving mother. She always gets up early, although she is no longer young, and prepares breakfast for her family. She also helps her son in making plastic bottles. She is applying for a loan to buy plastic beans for making more plastic bottles to expand her son’s business.



She is the group leader for some more women from her locality. Kalsoom baji wants a loan to buy seasonal fruit for sale. Shahnaz baji wants a loan to buy a donkey cart for her transport business. Shagufta baji wants a loan to buy items (wires, switchboards) for her electrical items sales business. Khalida baji wants a loan to buy vegetables for her vegetable-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 Khalida M.suleman Group


Loan has been disbursed
 
Entrepreneur: Khalida M.suleman Group
Location: Arifwala, Pakistan

Thank you for your loan. It has been disbursed to the Khalida M. Suleman group, consisting of Khalida M. Suleman , Kalsoom M.Afzal, Shahnaz Rahmat Ali, Shagufta Ghulam Mustafa, Khalida Iftikhar 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 Arifwala, Pakistan
Jan 29, 2009
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Kiva Help Repayment Schedule for Khalida M.suleman Group

  Expected Repayments Actual Repayments Comments
April 2009 $43.48 $43.48 Repayment Received
May 2009 $86.96 $47.76 Repayment Received
June 2009 $86.96 $127.73 Repayment Received
July 2009 $86.96 $54.74 Repayment Received
August 2009 $86.96 $91.24 Delinquent
September 2009 $130.44 $0.00 Delinquent
October 2009 $86.96 $0.00 Delinquent
November 2009 $86.96 $0.00 Delinquent
December 2009 $86.96 Available Dec 1  
January 2010 $86.96 Available Jan 1  
February 2010 $130.40 Available Feb 1