Irshad Qurban Ali Group


Status: Paying Back - Delinquent

$525.00   Loan Amount
22% repaid

About the Group

Group Name: Irshad Qurban Ali Group
Group Members: Irshad Qurban ali
Rashida Nazir ahmad
Sabra Irshad
Location: Kot Radha Kishan, Pakistan
Activity: Services

About the Loan

Loan Amount: $525.00
Loan Use: To buy mason tools
Repayment Term: 13 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Mar 27, 2009
Date Disbursed: Mar 27, 2009
Date Funded:Mar 27, 2009

About the Country

Country:Pakistan
Avg Annual Income:$3,004.00
Currency:Pakistan Rupees (PKR)
Exchange Rate:79.9850 PKR = 1 USD



Irshad baji is a wife of Qurban ali. She has lived in Kot Radha Kishan, Pakistan for the past 19 years. Her husband is a mason by profession. She is the mother of four children: three sons and one daughter. Her elder son works in a factory on monthly wage. The next son works as a salesman in a departmental store. The younger two are enrolled in school. Irshad baji sews clothes to earn an income. She sews clothes to improve the financial condition of her family, because she knows that her husband has a financial burden and his income is very little. Her husband appreciates her love and support. Irshad baji is applying for a loan to buy mason tools for her husband.

She is the group leader for two other women from her locality. Rashida baji and Sabra baji each want a loan to buy buffalos for their dairy 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 Irshad Qurban Ali Group


Loan has been disbursed
 
Entrepreneur: Irshad Qurban Ali Group
Location: Kot Radha Kishan, Pakistan

Thank you for your loan. It has been disbursed to Irshad Qurban ali Group, consisting of Irshad Qurban ali , Rashida Nazir ahmad, Sabra Irshad 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 Irshad Qurban Ali Group

  Expected Repayments Actual Repayments Comments
June 2009 $22.83 $28.87 Repayment Received
July 2009 $45.66 $43.31 Repayment Received
August 2009 $45.66 $48.13 Repayment Received
September 2009 $68.49 $0.00 Delinquent
October 2009 $45.66 $0.00 Delinquent
November 2009 $45.66 $0.00 Delinquent
December 2009 $45.66 Available Dec 1  
January 2010 $45.66 Available Jan 1  
February 2010 $45.66 Available Feb 1  
March 2010 $68.49 Available Mar 1  
April 2010 $45.57 Available Apr 1