Naseem Akhtar M. Ishaq Group


Status: Paying Back - Delinquent

$1,025.00   Loan Amount
27% repaid

About the Group

Group Name: Naseem Akhtar M. Ishaq Group
Group Members: Naseem akhtar M. Ishaq
Naseem begum Latif shahzad
Syeda touqeer Fayyaz hussain shah
Hamidan Anayat ali
Anwar begum M.Sharif
Taish na M.Akram
Location: Vehari, Pakistan
Activity: Sewing

About the Loan

Loan Amount: $1,025.00
Loan Use: To buy an electric sewing machine
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Feb 28, 2009
Date Disbursed: Mar 12, 2009
Date Funded:Feb 28, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:79.7550 PKR = 1 USD



Naseem akhtar baji has been a resident of the city of Vehari, Pakistan for the past 10 years. Her husband, M. Ishaq, works in a factory. Naseem baji is the mother of two children; one son and one daughter. Both of her children get an education at the local school. Naseem baji is a very hardworking lady. She sews clothes without caring whether it is day and night. She sews clothes to pay off the school fees of her children. Her family is very happy with her kind and loving behavior. She is applying for a loan to buy an electric sewing machine so that she sews more clothes and save time.

She is a group leader of several other women of her locality. Naseem begum baji wants a loan to pay the installments of her auto-rickshaw (a local three-wheeled motor vehicle). Syeda touqeer baji wants a loan to buy cigarettes to sell. Hamidan baji wants a loan to buy thread to sell. Anwar begum baji wants a loan to buy beams for her window shutter business. Taish naz baji wants a loan to buy clothes for her clothing selling business.

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. Ishaq Group


Loan has been disbursed
 
Entrepreneur: Naseem Akhtar M. Ishaq Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Naseem akhtar M. Ishaq Group, consisting of Naseem akhtar M. Ishaq , Naseem begum Latif shahzad, Syeda touqeer Fayyaz hussain shah, Hamidan Anayat ali, Anwar begum M.Sharif, Taish na M.Akram by Asasah, a partner of Save the Children in Pakistan. We are excited to watch this business grow. Over the 10 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 Vehari, Pakistan
Mar 12, 2009
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Kiva Help Repayment Schedule for Naseem Akhtar M. Ishaq Group

  Expected Repayments Actual Repayments Comments
June 2009 $89.14 $112.75 Repayment Received
July 2009 $89.14 $75.17 Repayment Received
August 2009 $89.14 $93.96 Repayment Received
September 2009 $133.71 $0.00 Delinquent
October 2009 $89.14 $0.00 Delinquent
November 2009 $89.14 $0.00 Delinquent
December 2009 $89.14 Available Dec 1  
January 2010 $89.14 Available Jan 1  
February 2010 $133.71 Available Feb 1  
March 2010 $89.14 Available Mar 1  
April 2010 $44.46 Available Apr 1