Nasim Akhtar Jeorge Qamar Group


Status: Paying Back - Delinquent

$875.00   Loan Amount
27% repaid

About the Group

Group Name: Nasim Akhtar Jeorge Qamar Group
Group Members: Nasim akhtar Jeorge Qamar
Irshad naseem M.Mumtaz
Rehana kosar Naseer
Razia begum Faiz ahmad
Alisha Ashfaq masih
Kalsoom M.Riaz
Location: Vehari, Pakistan
Activity: Services

About the Loan

Loan Amount: $875.00
Loan Use: To buy repairing tools for her husband's motor workshop
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 31, 2009
Date Disbursed: Mar 11, 2009
Date Funded:Mar 31, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.4600 PKR = 1 USD



Nasim Akhtar Baji is a married lady and has been a citizen of the city of Vehari, Pakistan for the past seven years. Her husband's name is Jeorge Qamar, and he has been running a motor workshop in the community for the past six years. People come to his workshop to repair their vehicles.

Nasim Baji is the mother of two sons, both of whom are enrolled in kindergarten. She is a highly determined lady, so she keeps herself busy by sewing clothes. She saves her income to be able to admit her son to a good school. Nasim Baji is applying for a loan to buy repairing tools for her husband’s motor workshop.

She is the group leader for some other women from her locality. Irshad Naseem Baji wants a loan to buy an embroidery machine to prepare embroidered dresses to sell. Rehana Kosar Baji wants a loan to buy a sewing machine for sewing clothes. Razia Begum Baji, Alisha Baji, and Kalsoom Baji each want a loan to buy groceries for their grocery shops.

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 Nasim Akhtar Jeorge Qamar Group


Loan has been disbursed
 
Entrepreneur: Nasim Akhtar Jeorge Qamar Group
Location: Vehari, Pakistan

Thank you for your loan. It has been disbursed to Nasim akhtar Jeorge Qamar Group, consisting of Nasim akhtar Jeorge Qamar , Irshad naseem M.Mumtaz, Rehana kosar Naseer, Razia begum Faiz ahmad, Alisha Ashfaq masih, Kalsoom M.Riaz 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
Apr 1, 2009
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Kiva Help Repayment Schedule for Nasim Akhtar Jeorge Qamar Group

  Expected Repayments Actual Repayments Comments
June 2009 $76.08 $96.25 Repayment Received
July 2009 $76.08 $64.17 Repayment Received
August 2009 $76.08 $80.21 Repayment Received
September 2009 $114.12 $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 $76.08 Available Jan 1  
February 2010 $114.12 Available Feb 1  
March 2010 $76.08 Available Mar 1  
April 2010 $38.12 Available Apr 1