Ghulam Fatima M. Nadir Group


Status: Paying Back - Delinquent

$975.00   Loan Amount
27% repaid

About the Group

Group Name: Ghulam Fatima M. Nadir Group
Group Members: Ghulam Fatima M. Nadir
Shahnaz parveen Liaqat ali
Farzana M.Hanif
Sana rubab Maqsood ahmad
Rafia M.Ameen
Location: Vehari, Pakistan
Activity: Fruits & Vegetables

About the Loan

Loan Amount: $975.00
Loan Use: To buy seasonal fruit to sell
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 7, 2009
Date Disbursed: Mar 10, 2009
Date Funded:Mar 7, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:79.6500 PKR = 1 USD



Ghulam Fatima baji is the wife of M. Nadir who is a fruit seller by profession. Fatima baji has been a citizen of Vehari, Pakistan for the last 10 years. She is the mother of five kids: four sons and one daughter. All of her kids are getting an education at a school located near her house. Fatima baji’s husband sells fruit on a cart. He shouts out in different areas, so that people hear his voice and buy fruit. He has been in this business for the last five years. Fatima baji is a very hardworking lady. She keeps herself busy with her clothing business. She sews clothes to pay off the school fees of her kids and to share the financial burden with her husband. She is applying for a loan to buy seasonal fruit to expand her husband’s fruit-selling business.

She is the group leader for other women in her location. Shahnaz parveen baji wants a loan to buy cosmetics to sell. Farzana baji wants a loan to buy electrical supplies (electric wires and switches) to sell. Sana rubab baji wants a loan to buy a movie camera for her movie-making business. Rafia baji wants a loan to buy a donkey for her donkey cart.

This is a group loan. The loan funds will be distributed among the group members. Each 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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Journal entries for Ghulam Fatima M. Nadir Group


Loan has been disbursed
 
Entrepreneur: Ghulam Fatima M. Nadir Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Ghulam Fatima M. Nadir Group, consisting of Ghulam Fatima M. Nadir , Shahnaz parveen Liaqat ali, Farzana M.Hanif, Sana rubab Maqsood ahmad, Rafia M.Ameen 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 10, 2009
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Kiva Help Repayment Schedule for Ghulam Fatima M. Nadir Group

  Expected Repayments Actual Repayments Comments
June 2009 $84.78 $106.36 Repayment Received
July 2009 $84.78 $70.91 Repayment Received
August 2009 $127.17 $88.64 Delinquent
September 2009 $84.78 $0.00 Delinquent
October 2009 $84.78 $0.00 Delinquent
November 2009 $84.78 $0.00 Delinquent
December 2009 $84.78 Available Dec 1  
January 2010 $84.78 Available Jan 1  
February 2010 $127.17 Available Feb 1  
March 2010 $84.78 Available Mar 1  
April 2010 $42.42 Available Apr 1