Shama Begum Haji M. Tufail Group


Status: Paying Back - Delinquent

$1,450.00   Loan Amount
31% repaid

About the Group

Group Name: Shama Begum Haji M. Tufail Group
Group Members: Shama Begum Haji M. Tufail
Sajida Jamil Hussain
Shahnaz akhtar Bashir Ahmad
Azra M.Sarwar
Naseem akhtar M.Sadiq
Kaneez Niaz ali
Location: Pakpattan, Pakistan
Activity: Rickshaw

About the Loan

Loan Amount: $1,450.00
Loan Use: To buy an auto-rickshaw for her son.
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 18, 2009
Date Disbursed: Feb 24, 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



Shama Begum, 36, of Pakpttan, Pakistan, is married to Haji M. Tufail, the driver of a 32-seat bus called “Coaster” for the past 10 years. The mother of a son who operates a rented auto-rickshaw (a local three-wheeled motor vehicle), and two daughters, both students, Shama baji is a seamstress whose earnings pay her daughters’ school fees. Having repaid her two previous loans from Asasah (a microfinance institute of Pakistan), she is now applying for a new loan to buy an auto-rickshaw for her son.



Shama baji is a group leader of five other women in her locality:

Sajida baji and Shahnaz Akhtar baji each want a loan to buy the seeds of different plants to sell;

Azra baji and Naseem Akhtar baji each are requesting a loan to buy clothes for their clothes-selling businesses;

Kaneez baji wants a loan to buy wheat to sell.



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 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 Shama Begum Haji M. Tufail Group


Loan has been disbursed
 
Entrepreneur: Shama Begum Haji M. Tufail Group
Location: Pakpattan, Pakistan

Thank you for your loan. It has been disbursed to Shama begum Haji M. Tufail Group, consisting of Shama Begum Haji M. Tufail , Sajida Jamil Hussain, Shahnaz akhtar Bashir Ahmad, Azra M.Sarwar, Naseem akhtar M.Sadiq, Kaneez Niaz 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 24, 2009
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Kiva Help Repayment Schedule for Shama Begum Haji M. Tufail Group

  Expected Repayments Actual Repayments Comments
May 2009 $63.04 $66.20 Repayment Received
June 2009 $126.08 $172.10 Repayment Received
July 2009 $126.08 $92.67 Repayment Received
August 2009 $189.12 $132.39 Delinquent
September 2009 $126.08 $0.00 Delinquent
October 2009 $126.08 $0.00 Delinquent
November 2009 $126.08 $0.00 Delinquent
December 2009 $126.08 Available Dec 1  
January 2010 $126.08 Available Jan 1  
February 2010 $189.12 Available Feb 1  
March 2010 $126.16 Available Mar 1