Malang Group

Status: Paying Back

$625
Loan Request
Pre-Disbursed : May 19, 2009
Listed: Jun 1, 2009
Funded: Jun 7, 2009
80% repaid

About the Country

Country:Afghanistan
Avg Annual Income:$1,490
Currency:Afghanistan Afghanis (AFN)
Exchange Rate:49.8600 AFN = 1 USD


In this Group:
Malang Agha Sayad , Halema Ghullam Raza , Habibullah Din Mohammad

About the Loan

Location: Kabul, Afghanistan   Repayment Term: 11 months
(more info)
Activity: Services   Repayment Schedule: Monthly
Loan Use: To expand and improve their businesses   Currency Exchange Loss: Covered
      Default Protection: Covered
Malang is the leader of the three-member Malang group. Each of them wants to receive a loan for advancing their business, and have requested a group loan. Malang wants to take out a loan for his general store, Halema wants to take out a loan for her tailoring business, and Habibullah wants to take out a loan for his business of selling fresh fruit.



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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Lenders to this group

Richard
Pocatello, Idaho
United States

Anonymous
Kronberg,
Germany

Thomas
Fort Mill, SC
United States

Migo
Tucson, AZ
United States

Karl-Heinz
Dessenheim,
France

Laurent D
Brussels,
Belgium

Stephan
Munich,
Germany

Wayne & Nancy
Alpharetta, GA
United States

Dan
Naperville, IL
United States

Andrea
Sunnyvale, CA
United States

Seif
Dubai,
United Arab Emirates

Claus-Peter
www.kivafriends.org,
Germany

Steve
Calgary, Alberta
Canada

Matt
Silver Spring, MD
United States

Kathy
St. Louis, MO
United States

Tom
Chicago, IL
United States

Gabriel
Singapore, Singapore
Singapore

John
Culver City, CA
United States



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Journal entries for Malang Group


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

Thank you for your loan. It has been disbursed to Malang Group, consisting of Malang Agha Sayad , Halema Ghullam Raza , Habibullah Din Mohammad 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 9 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
Jun 8, 2009
Comment on this entry

Malang after the loan
 
Entrepreneur: Malang Group
Location: Kabul, Afghanistan

Malang group members could use their loan in a good way. They all bought essential materials of their tailoring business and new sewing machines. This big change in their business supported them have many new clients and a good monthly income. Now they are all happy and would like to say many thanks to Kiva lenders.


Posted by Rohina Hamida from Kabul, Afghanistan
Aug 31, 2009
Comment on this entry

Kiva Help Repayment Schedule for Malang Group

  Expected Repayments Actual Repayments Comments
August 2009 $125.00 $125.00 Repayment Received
September 2009 $62.50 $62.50 Repayment Received
October 2009 $62.50 $62.50 Repayment Received
November 2009 $62.50 $62.50 Repayment Received
December 2009 $62.50 $62.50 Repayment Received
January 2010 $62.50 $62.50 Repayment Received
February 2010 $62.50 $62.50 Repayment Received
March 2010 $62.50 Available Mar 1  
April 2010 $62.50 Available Apr 1