Rashidan Gulzar Masih Group


Status: Paying Back - Delinquent

$875.00   Loan Amount
31% repaid

About the Group

Group Name: Rashidan Gulzar Masih Group
Group Members: Rashidan Gulzar Masih
Gulshan Pervaiz Masih
Doras intikhab Intikhab Javed
Mussarat Nadeem Masih
Naseem nasreen Johnson Masih
Location: Yadgar, Pakistan
Activity: Rickshaw

About the Loan

Loan Amount: $875.00
Loan Use: To buy an auto-rickshaw (a local three-wheeled motor vehicle)
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 24, 2009
Date Disbursed: Feb 23, 2009
Date Funded:Feb 24, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:79.8098 PKR = 1 USD



Rashidan baji, 52, is a widow and a citizen of a historic place called Yadgar in the city of Lahore, Pakistan for the past 40 years. Rashidan baji is an uneducated lady. She couldn’t get an education because her parents couldn’t bear her education expenses. Rashidan baji’s deceased husband left her with one son. She worked hard to establish her son. She has been selling clothes for 10 years and has been able to register her son in a driving school so that he was able to learn driving skills. She is still selling clothes because she has a good number of customers in the community and outside of the community. She is applying for a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle) for her son so that he will be able to earn a good income.



She is the group leader for some more women from her locality. Gulshan baji wants a loan to buy vehicle spare parts to sell. Doras Intikhab wants a loan to buy cosmetics to sell. Mussarat baji wants a loan to buy iron for making iron rods to sell. Naseem Nasreen baji wants a loan to buy clothes to sell.



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 Rashidan Gulzar Masih Group


Loan has been disbursed
 
Entrepreneur: Rashidan Gulzar Masih Group
Location: Yadgar, Pakistan

Thank you for your loan. It has been disbursed to Rashidan Gulzar Masih Group, consisting of Rashidan Gulzar Masih, Gulshan Pervaiz Masih, Doras intikhab Intikhab Javed, Mussarat Nadeem Masih, Naseem nasreen Johnson 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 Yadgar, Pakistan
Feb 25, 2009
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Kiva Help Repayment Schedule for Rashidan Gulzar Masih Group

  Expected Repayments Actual Repayments Comments
May 2009 $38.04 $39.89 Repayment Received
June 2009 $76.08 $103.71 Repayment Received
July 2009 $76.08 $55.85 Repayment Received
August 2009 $114.12 $79.78 Delinquent
September 2009 $76.08 $0.00 Delinquent
October 2009 $76.08 $0.00 Delinquent
November 2009 $76.08 $0.00 Delinquent
December 2009 $76.08 Available Dec 1  
January 2010 $114.12 Available Jan 1  
February 2010 $76.08 Available Feb 1  
March 2010 $76.16 Available Mar 1