Asmatalah Group


Status: Paid Back

$850.00   Loan Request
$850.00   Paid Back

About the Group

Group Name: Asmatalah Group
Group Members: Kharma Sharyn Lala Mire
Farzana Mohammad Ghafor
Yasamen Abdull Halem
Asmatalah Mohammad Fahim
Location: Kabul, Afghanistan
Activity: General Store

About the Loan

Loan Amount: $850.00
Loan Use: To expand his business
Repayment Term: 9 months - View details below
Lenders Repaid: Monthly
Currency Exchange Loss: Covered
Date Listed: Apr 1, 2009
Date Disbursed: Mar 29, 2009
Date Funded:Apr 1, 2009
Loan Ended:Nov 15, 2009

About the Country

Country:Afghanistan
Avg Annual Income:$1,490.00
Currency:Afghanistan Afghanis (AFN)
Exchange Rate:47.4021 AFN = 1 USD



Asmatalah is the leader of this four-person group. All four would like to receive money for their businesses. They have requested a loan of 40000 Afghani for the term of eight months.

Kharma Sharyn and Farzana each want a loan for their vegetable businesses.
Yasamen wants a loan to buy a new sewing machine for her tailoring business.
Asmatalah wants a loan for his general store so he can to expand his business.

With this loan, these entrepreneurs can improve their businesses. They are very happy for the opportunity to have these loans in Afghanistan. These loans help the poor people and they want to say "Thanks" to all the Kiva lenders.




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 Asmatalah Group


Loan has been disbursed
 
Entrepreneur: Asmatalah Group
Location: Kabul, Afghanistan

Thank you for your loan. It has been disbursed to Asmatalah Group, consisting of Kharma Sharyn Lala Mire, Farzana Mohammad Ghafor , Yasamen Abdull Halem, Asmatalah Mohammad Fahim by Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps in Afghanistan. We are excited to watch this business grow. Over the 7 months of this loan, Ariana Financial Services Joint Stock Company (AFS), a partner of Mercy Corps will be collecting repayments from this entrepreneur and posting progress updates on the Kiva website.


Posted by from Kabul, Afghanistan
Apr 2, 2009
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Asmatalah after the loan
 
Entrepreneur: Asmatalah Group
Location: Kabul, Afghanistan

Asmatalah group which made up of two members used their Kiva loans for progressing their vegetable shop. Khurma Sharyn and Farzana bought fresh and good quality vegetables for his shop and this could add to the number of his clients and Yasamen could also buy the essential for her business of tailoring. Which were in demand in her market.Also Asmatalah brought necessary materials for his business of general store?

They are both happy and would like to thank the Kiva lenders.


Posted by Rohina Hamida from Kabul, Afghanistan
Jun 28, 2009
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Kiva Help Repayment Schedule for Asmatalah Group

  Expected Repayments Actual Repayments Comments
June 2009 $212.50 $212.49 Repayment Received
July 2009 $106.25 $106.25 Repayment Received
August 2009 $106.25 $106.25 Repayment Received
September 2009 $106.25 $106.26 Repayment Received
October 2009 $106.25 $106.25 Repayment Received
November 2009 $106.25 $106.25 Repayment Received
December 2009 $106.25 $106.25 Repayment Received