Bushra M.jamil Group


Status: Paying Back - Delinquent

$1,150.00   Loan Amount
31% repaid

About the Group

Group Name: Bushra M.jamil Group
Group Members: Bushra M.Jamil
Shabana M.Rafee
Shazia M.Asif
Sugran M.Rafiq
Parveen Ashraf Masih
Location: Arifwala, Pakistan
Activity: Spare Parts

About the Loan

Loan Amount: $1,150.00
Loan Use: To buy vehicular spare parts to sell.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 18, 2009
Date Disbursed: Feb 18, 2009
Date Funded:Feb 18, 2009

About the Country

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



Bushra baji, 25, of Arifwala, Pakistan, is the wife of M. Jamil, who has operated a spare parts business for the past 25 years. The mother of a son and daughter, neither yet of school age, Bushra baji operates an embroidery business, charging $3 per dress. She has a good customer base mainly consisting of her neighbors. Having repaid her two previous loans from Asasah (a microfinance institute of Pakistan), she is requesting a new one to buy more spare parts to expand her husband’s business.



She is a group leader of four other women in her locality. Shabana baji, Shazia baji Sugran baji, and Parveen baji are each requesting a loan to buy seasonal vegetables for their vegetable-selling businesses.



The funds for this group loan will be distributed among the group members, each of whom will invest in her own business. The members guarantee one another's loans, so if a 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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Journal entries for Bushra M.jamil Group


Loan has been disbursed
 
Entrepreneur: Bushra M.jamil Group
Location: Arifwala, Pakistan

Thank you for your loan. It has been disbursed to Bushra M.Jamil Group, consisting of Bushra M.Jamil , Shabana M.Rafee, Shazia M.Asif, Sugran M.Rafiq, Parveen Ashraf Masih 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 19, 2009
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Kiva Help Repayment Schedule for Bushra M.jamil Group

  Expected Repayments Actual Repayments Comments
May 2009 $50.00 $52.39 Repayment Received
June 2009 $150.00 $136.21 Repayment Received
July 2009 $100.00 $73.34 Repayment Received
August 2009 $100.00 $104.78 Delinquent
September 2009 $100.00 $0.00 Delinquent
October 2009 $100.00 $0.00 Delinquent
November 2009 $150.00 $0.00 Delinquent
December 2009 $100.00 Available Dec 1  
January 2010 $100.00 Available Jan 1  
February 2010 $100.00 Available Feb 1  
March 2010 $100.00 Available Mar 1