Mumtaz M.ramzan Group
Status: Paying Back - Delinquent
| $825.00 | Loan Amount |
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27% repaid
About the Group
| Group Name: | Mumtaz M.ramzan Group |
|---|---|
| Group Members: |
Mumtaz M. Ramzan Noreen anjum M.Babar khan Shamim M.Yaseen Parveen akhtar Ghulam Rasool Riaz Mubarak ali |
| Location: | Vehari, Pakistan |
| Activity: | Cosmetics Sales |
About the Loan
| Loan Amount: | $825.00 |
|---|---|
| Loan Use: | To buy cosmetics to sell |
| Repayment Term: | 13 months - View details below |
| Lenders Repaid: | Monthly |
| Currency Exchange Loss: | Covered  |
| Date Listed: | Mar 6, 2009 |
| Date Disbursed: | Mar 10, 2009 |
| Date Funded: | Mar 7, 2009 |
About the Field Partner
About the Field Partner
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| Field Partner: | Asasah, a partner of Save the Children |
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| Field Partner Risk Rating: | |
| Fundraising Status: | Active |
| Time On Kiva: | 27 months |
| Kiva Entrepreneurs: | 9322 |
| Total Loans: | $2,113,125 |
| Delinquency Rate: | 57.47% |
| Default Rate: | 0.00% |
| Currency Exchange Loss Rate: | 0.00% |
| More on this field partner >> | |
About the Country
| Country: | Pakistan |
|---|---|
| Avg Annual Income: | $3,004.00 |
| Currency: | Pakistan Rupees (PKR) |
| Exchange Rate: | 79.6500 PKR = 1 USD |
Mumtaz baji is the wife of M. Ramzan and has resided in a city named Vehari, Pakistan for the last 10 years. Mumtaz baji’s husband has a business selling cosmetics. He buys cosmetics from a famous city named Lahore and sells in parlors and cosmetic shops. He has been in this business for the last seven years. Mumtaz baji is applying for a loan to buy cosmetics to expand her husband’s business.
She is the group leader for some more women in her locality. Noreen anjum baji wants a loan to buy cosmetics for her parlor. Shamim baji wants a loan to pay off the installments on her auto-rickshaw (a local three-wheeled motor vehicle). Parveen akhtar baji wants a loan to buy paints to sell. Riaz baji wants a loan to buy scrap for her scrap business.
This is a group loan. The loan funds will be distributed among the group members. Each group member 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
She is the group leader for some more women in her locality. Noreen anjum baji wants a loan to buy cosmetics for her parlor. Shamim baji wants a loan to pay off the installments on her auto-rickshaw (a local three-wheeled motor vehicle). Parveen akhtar baji wants a loan to buy paints to sell. Riaz baji wants a loan to buy scrap for her scrap business.
This is a group loan. The loan funds will be distributed among the group members. Each group member 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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Lenders to this group
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Santa Barbara, CA
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Oli
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Tom B.
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Glenda
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Foad
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Laurent D
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Michael
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doug
Lansdale, PA
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Brad
Northbrook, IL
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rothkids
Westfield, NJ
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Dirk
Hameln, Niedersachsen
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Joseph
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Elizabeth
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Michal
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Anonymous
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Naomi
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Tim
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Julie
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7036 Members
Journal entries for Mumtaz M.ramzan Group
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Loan has been disbursed
Location: Vehari, Pakistan
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Posted by
from Vehari, Pakistan
Mar 10, 2009 |
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Comment on this entry
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Repayment Schedule for Mumtaz M.ramzan Group
Repayment Schedule for Mumtaz M.ramzan Group
| Expected Repayments | Actual Repayments | Comments | |||
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| June 2009 | $71.74 | $90.23 |  Repayment Received
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| July 2009 | $71.74 | $60.16 | Repayment Received
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| August 2009 | $107.61 | $75.20 |  Delinquent
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| September 2009 | $71.74 | $0.00 | Delinquent
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| October 2009 | $71.74 | $0.00 | Delinquent
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| November 2009 | $71.74 | $0.00 | Delinquent
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| December 2009 | $71.74 | Available Dec 1 | |||
| January 2010 | $71.74 | Available Jan 1 | |||
| February 2010 | $107.61 | Available Feb 1 | |||
| March 2010 | $71.74 | Available Mar 1 | |||
| April 2010 | $35.86 | Available Apr 1 | |||
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