Marey Group
Status: Paying Back
| $1,200.00 | Loan Amount |
|---|
About the Group
| Group Name: | Marey Group |
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| Group Members: |
Marey Mohammad Aziz Fareshta Sharen gha Meyna Ata Mohammad Marey Mohammad Aziz |
| Location: | Kabul, Afghanistan |
| Activity: | Tailoring |
About the Loan
| Loan Amount: | $1,200.00 |
|---|---|
| Loan Use: | they all want to expand and progress in their businesses |
| Repayment Term: | 13 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Mar 2, 2009 |
| Date Disbursed: | Mar 2, 2009 |
| Date Funded: | Mar 2, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps |
|---|---|
| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 34 months |
| Kiva Entrepreneurs: | 2366 |
| Total Loans: | $1,054,875 |
| Delinquency Rate: | 0.00% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Afghanistan |
|---|---|
| Avg Annual Income: | $1,490.00 |
| Currency: | Afghanistan Afghanis (AFN) |
| Exchange Rate: | 47.2255 AFN = 1 USD |
Shafeqa and Fareshta want to take a loan for the business of tailoring. They want to buy new machines for their business. Meyna wants to take a loan for her husband's general store to complete his stock. Marey wants to take a loan for her husband’s tailor shop; he wants to buy necessary materials for his shop. They all want to expand and progress in their business and to earn more money to support their families.
With this loan they can make their businesss larger and support their families. To become strong in their businesses and make a better future for themselves and for their families. They are really very happy with this loan process in this poor country.
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 Marey Group
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Loan has been disbursed
Location: Kabul, Afghanistan
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Posted by
from Kabul, Afghanistan
Mar 3, 2009 |
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Mareya group after the loan
Location: Kabul, Afghanistan
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Posted by
Rohina Hamida from Kabul, Afghanistan
Jun 28, 2009 |
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Comment on this entry
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Repayment Schedule for Marey Group
Repayment Schedule for Marey Group
| Expected Repayments | Actual Repayments | Comments | |||
|---|---|---|---|---|---|
| May 2009 | $100.01 | $100.01 |  Repayment Received
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| June 2009 | $100.01 | $100.00 | Repayment Received
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| July 2009 | $100.01 | $100.01 | Repayment Received
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| August 2009 | $100.01 | $100.01 | Repayment Received
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| September 2009 | $100.01 | $100.02 | Repayment Received
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| October 2009 | $100.01 | $100.01 | Repayment Received
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| November 2009 | $100.01 | $100.01 | Repayment Received
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| December 2009 | $100.01 | $100.01 | Repayment Received
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| January 2010 | $100.01 | Available Jan 1 | |||
| February 2010 | $100.01 | Available Feb 1 | |||
| March 2010 | $100.01 | Available Mar 1 | |||
| April 2010 | $99.89 | Available Apr 1 | |||
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