Bashiran Ghulam Rasool Group


Status: Paying Back - Delinquent

$450.00   Loan Amount
22% repaid

About the Group

Group Name: Bashiran Ghulam Rasool Group
Group Members: Bashiran Ghulam Rasool
Irshad M.Yaseen
Farzana Riaz ahmad
Location: Arifwala, Pakistan
Activity: Butcher Shop

About the Loan

Loan Amount: $450.00
Loan Use: To buy goats for butcher shop
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 23, 2009
Date Disbursed: Mar 25, 2009
Date Funded:Mar 23, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.5036 PKR = 1 USD



Bashiran baji is 44 years old and a married lady citizen of a city named Arifwala, Pakistan for the past 10 years. Bashiran baji completed her education up to 8th standard and couldn’t study further because she belongs to a poor family. Bashiran baji’s husband's name is Ghulam Rasool, a butcher by trade, who has been running a butcher shop in the community for the past 5 years.



Bashiran baji is the mother of six kids: five sons and one daughter. Her first four kids are daily wage laborers. The others are enrolled in a school and getting an education. Bashiran baji is applying for a loan to buy goats for her husband’s butcher shop.



Bashiran baji is the group leader for two other women from her locality. Irshad baji wants a loan to buy groceries for her grocery shop. Farzana baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle).



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 Bashiran Ghulam Rasool Group


Loan has been disbursed
 
Entrepreneur: Bashiran Ghulam Rasool Group
Location: Arifwala, Pakistan

Thank you for your loan. It has been disbursed to Bashiran Ghulam Rasool Group, consisting of Bashiran Ghulam Rasool , Irshad M.Yaseen, Farzana Riaz ahmad 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 Arifwala, Pakistan
Mar 25, 2009
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Kiva Help Repayment Schedule for Bashiran Ghulam Rasool Group

  Expected Repayments Actual Repayments Comments
June 2009 $19.57 $24.68 Repayment Received
July 2009 $39.14 $37.03 Repayment Received
August 2009 $39.14 $41.14 Repayment Received
September 2009 $58.71 $0.00 Delinquent
October 2009 $39.14 $0.00 Delinquent
November 2009 $39.14 $0.00 Delinquent
December 2009 $39.14 Available Dec 1  
January 2010 $39.14 Available Jan 1  
February 2010 $58.71 Available Feb 1  
March 2010 $39.14 Available Mar 1  
April 2010 $39.03 Available Apr 1