Hanifan Munga Masih Group


Status: Paying Back - Delinquent

$975.00   Loan Amount
22% repaid

About the Group

Group Name: Hanifan Munga Masih Group
Group Members: Hanifan Munga Masih
Bashiran Barkat masih
Safia Saleem masih
Zubaida Nazir ahmad
Hafizan Amanat masih
Location: Kot Radha Kishan, Pakistan
Activity: Dairy

About the Loan

Loan Amount: $975.00
Loan Use: To buy another buffalo for their dairy business
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 26, 2009
Date Disbursed: Mar 28, 2009
Date Funded:Mar 26, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.2850 PKR = 1 USD



Hanifan baji is the wife of Munga Masih and they live in a city named Kot Radha Kishan, Pakistan for the past 36 years. Her husband operates a dairy business. He has 6 years of experience in this business. Hanifan baji is a working lady. She owns a furnace and produces bricks. With the income she was able to marry off her daughter. Her son also works with her and they both easily manage the work and complete the orders of their customers. Her business is going well with the grace of God. She successfully repaid her first loan from Asasah (a micro-finance institute in Pakistan). Now she is applying again for a loan to buy another buffalo to expand her husband’s dairy business.



She is the group leader for four other women from her locality. Bashiran baji and Safia baji and Zubaida baji and Hafizan baji each want a loan to buy buffaloes for their milk-selling businesses.



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 Hanifan Munga Masih Group


Loan has been disbursed
 
Entrepreneur: Hanifan Munga Masih Group
Location: Kot Radha Kishan, Pakistan

Thank you for your loan. It has been disbursed to Hanifan Munga Masih Group, consisting of Hanifan Munga Masih , Bashiran Barkat masih, Safia Saleem masih, Zubaida Nazir ahmad, Hafizan Amanat masih 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 Kot Radha Kishan, Pakistan
Mar 28, 2009
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Kiva Help Repayment Schedule for Hanifan Munga Masih Group

  Expected Repayments Actual Repayments Comments
June 2009 $42.39 $53.37 Repayment Received
July 2009 $84.78 $80.06 Repayment Received
August 2009 $84.78 $88.96 Repayment Received
September 2009 $84.78 $0.00 Delinquent
October 2009 $127.17 $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 $84.78 Available Feb 1  
March 2010 $127.17 Available Mar 1  
April 2010 $84.81 Available Apr 1