Anwar Mukhtar Ahmad Group


Status: Paying Back - Delinquent

$575.00   Loan Amount
36% repaid

About the Group

Group Name: Anwar Mukhtar Ahmad Group
Group Members: Anwar Mukhtar ahmad
Rubina M.Zafar iqbal
Naseem M.Hussain
Zainab Mukhtayar
Location: Pakpattan, Pakistan
Activity: Food Production/Sales

About the Loan

Loan Amount: $575.00
Loan Use: To buy products for food business.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 3, 2009
Date Disbursed: Feb 13, 2009
Date Funded:Feb 3, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:79.0600 PKR = 1 USD



Anwar baji is a 33 year old married lady, who has lived in Pakpattan, Pakistan for the past 15 years. Pakpattan city is famous for its shrine places, which are visited by people who want to make wishes. She married a man whose name is Mukhtar ahmad, and he runs a food business in the community. He sells Punjabi food specifically, and people come to him to buy their food. He has been running this business for the past 25 years. Anwar baji is a mother of four kids: three daughters and one son. All of her children are receiving their education from a school which is located near their house. Anwar baji herself is involved in a business of sewing clothes. She sews clothes to share the financial burden of her husband, so that he can manage the household expenses easily. She is applying for a loan to buy products (lentils, cooking oil and spices) for their food selling business.

She is a group leader of some more women of her locale. Rubina baji wants a loan to buy wheels for different vehicles to sell. Naseem baji wants a loan to buy wheat to sell. Zainab baji wants a loan to buy seasonal fruits to resell.

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 Anwar Mukhtar Ahmad Group


Loan has been disbursed
 
Entrepreneur: Anwar Mukhtar Ahmad Group
Location: Pakpattan, Pakistan

Thank you for your loan. It has been disbursed to the Anwar Mukhtar ahmad group, consisting of Anwar Mukhtar ahmad , Rubina M.Zafar iqbal, Naseem M.Hussain, Zainab Mukhtayar 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
Feb 13, 2009
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Kiva Help Repayment Schedule for Anwar Mukhtar Ahmad Group

  Expected Repayments Actual Repayments Comments
May 2009 $50.00 $52.39 Repayment Received
June 2009 $50.00 $73.34 Repayment Received
July 2009 $50.00 $31.43 Repayment Received
August 2009 $50.00 $52.39 Repayment Received
September 2009 $75.00 $0.00 Delinquent
October 2009 $50.00 $0.00 Delinquent
November 2009 $50.00 $0.00 Delinquent
December 2009 $50.00 Available Dec 1  
January 2010 $50.00 Available Jan 1  
February 2010 $50.00 Available Feb 1  
March 2010 $50.00 Available Mar 1