Lubna Liaquat Ali Group


Status: Paying Back - Delinquent

$550.00   Loan Amount
36% repaid

About the Group

Group Name: Lubna Liaquat Ali Group
Group Members: Lubna Liaquat Ali
Rukhsana Lal din
Nasreen M.Saleem
Location: Arifwala, Pakistan
Activity: Jewelry

About the Loan

Loan Amount: $550.00
Loan Use: To buy jewelry to sell.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 17, 2009
Date Disbursed: Feb 17, 2009
Date Funded:Feb 17, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:79.7500 PKR = 1 USD



Lubna baji, 36, a resident of Arifwala, Pakistan, is married to Liaquat Ali, a jewelry seller for the past decade. The mother of three daughters, all attending school, Lubna baji operates a sewing business in order to pay for their school fees. She is now applying for a loan to expand her husband’s jewelry business.



Lubna is a group leader of two other women in her community:

Rukhsana baji wants a loan to buy goats for her butcher shop;

Nasreen baji is requesting a loan to buy fish for her fish-selling business.



The funds for this group loan will be distributed among the members, each of whom will invest in her own business. The members guarantee one another's loans, so if one does not repay, the others 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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Lorri
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Joshua
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merry
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Journal entries for Lubna Liaquat Ali Group


Loan has been disbursed
 
Entrepreneur: Lubna Liaquat Ali Group
Location: Arifwala, Pakistan

Thank you for your loan. It has been disbursed to the Lubna Liaquat Ali group, consisting of Lubna Liaquat Ali , Rukhsana Lal din, Nasreen M.Saleem 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
Feb 18, 2009
Comments (2)

Kiva Help Repayment Schedule for Lubna Liaquat Ali Group

  Expected Repayments Actual Repayments Comments
May 2009 $47.82 $50.20 Repayment Received
June 2009 $47.82 $70.27 Repayment Received
July 2009 $47.82 $30.12 Repayment Received
August 2009 $47.82 $50.20 Repayment Received
September 2009 $47.82 $0.00 Delinquent
October 2009 $47.82 $0.00 Delinquent
November 2009 $71.73 $0.00 Delinquent
December 2009 $47.82 Available Dec 1  
January 2010 $47.82 Available Jan 1  
February 2010 $47.82 Available Feb 1  
March 2010 $47.89 Available Mar 1