Naseem Akhtar M. Din Group


Status: Paying Back - Delinquent

$650.00   Loan Amount
36% repaid

About the Group

Group Name: Naseem Akhtar M. Din Group
Group Members: Naseem akhtar M. Din
Abida parveen M.Ameen
Jannat M.Mansha
Sumera M.Hafiz
Saima Hashim ali
Location: Pakpattan, Pakistan
Activity: Tailoring

About the Loan

Loan Amount: $650.00
Loan Use: To buy another sewing machine for sewing clothes.
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 4, 2009

About the Country

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



Naseem akhtar baji is a 53 year old married lady who has lived in Pakpattan, Pakistan for the past 15 years. Pakpattan city is famous for its shrine places. People come to this city to visit the shrine places to make wishes. Her husband's name is M. Din, who has been a ticket checker for the Railway for the past 30 years. Naseem baji is a mother of four kids: three sons and one daughter. All of her kids are getting their education from a school located near to their house. Naseem baji and her husband have a dream to see their children do well, and for that dream they work hard. She sews clothes by taking orders from her neighbors, both day and night. She is a highly determined lady who wants to achieve her dream. She is applying for a loan to buy another sewing machine because her old machine is starting to have problems.

She is a group leader of some more women of her locale. Abida parveen baji wants a loan to buy a sewing machine for sewing clothes. Jannat baji and Sumera baji each want a loan to buy a donkey cart for loading. Saima baji wants a loan to buy groceries for her grocery shop.

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 Naseem Akhtar M. Din Group


Loan has been disbursed
 
Entrepreneur: Naseem Akhtar M. Din Group
Location: Pakpattan, Pakistan

Thank you for your loan. It has been disbursed to the Naseem akhtar M. Din group, consisting of Naseem akhtar M. Din , Abida parveen M.Ameen, Jannat M.Mansha, Sumera M.Hafiz, Saima Hashim ali 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 Naseem Akhtar M. Din Group

  Expected Repayments Actual Repayments Comments
May 2009 $56.52 $59.58 Repayment Received
June 2009 $56.52 $83.41 Repayment Received
July 2009 $56.52 $35.75 Repayment Received
August 2009 $56.52 $59.58 Repayment Received
September 2009 $84.78 $0.00 Delinquent
October 2009 $56.52 $0.00 Delinquent
November 2009 $56.52 $0.00 Delinquent
December 2009 $56.52 Available Dec 1  
January 2010 $56.52 Available Jan 1  
February 2010 $56.52 Available Feb 1  
March 2010 $56.54 Available Mar 1