Nasreen M. Tariq Nadeem Group

Status: Paying Back - Delinquent

$925
Loan Request
Disbursed : Mar 28, 2009
Listed: Mar 26, 2009
Funded: Mar 26, 2009
41% repaid

About the Country

Country:Pakistan
Avg Annual Income:$3,004
Currency:Pakistan Rupees (PKR)
Exchange Rate:80.2850 PKR = 1 USD


In this Group:
Nasreen M.Tariq nadeem , Shahnaz Abdul jabbar, Zainab Noor ahmad, Samina kosar M.Nadeem

About the Loan

Location: Borewala, Pakistan   Repayment Term: 13 months
(more info)
Activity: Fruits & Vegetables   Repayment Schedule: Monthly
Loan Use: To buy seasonal vegetables to re-sell   Currency Exchange Loss: Covered
      Default Protection: Not Covered
Nasreen baji is the group leader. She is a very active lady. She performs all the responsibilities of a group leader and she is a good housewife also. She has three kids: two girls and one boy. She takes care of them and gets up early, then prepares breakfast for her family. All of her family is very happy with her.



Nasreen baji’s husband's name is M. Tariq Nadeem, a vegetable seller with experience over the past 6 years. He buys vegetables at cheap rates from the vegetable market and sells to the community by announcing his products on a cart in a loud voice. Nasreen baji is applying for a loan to buy seasonal vegetables to expand her husband’s vegetable-selling business.



She is the group leader for three other women from her locality. Shahnaz baji wants a loan to buy leather to sell. Zainab baji wants a loan to buy vegetables to sell. Samina Kosar baji wants a loan to buy a sewing machine for sewing clothes.



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 Nasreen M. Tariq Nadeem Group


Loan has been disbursed
 
Entrepreneur: Nasreen M. Tariq Nadeem Group
Location: Borewala, Pakistan

Thank you for your loan. It has been disbursed to Nasreen M. Tariq Nadeem Group, consisting of Nasreen M.Tariq nadeem , Shahnaz Abdul jabbar, Zainab Noor ahmad, Samina kosar M.Nadeem 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 Borewala, Pakistan
Mar 28, 2009
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Kiva Help Repayment Schedule for Nasreen M. Tariq Nadeem Group

  Expected Repayments Actual Repayments Comments
June 2009 $40.22 $50.68 Repayment Received
July 2009 $80.44 $76.03 Repayment Received
August 2009 $80.44 $84.47 Repayment Received
September 2009 $80.44 $84.47 Repayment Received
October 2009 $120.66 $84.47 Delinquent
November 2009 $80.44 $0.00 Delinquent
December 2009 $80.44 $0.00 Delinquent
January 2010 $80.44 $0.00 Delinquent
February 2010 $80.44 $0.00 Delinquent
March 2010 $120.66 Available Mar 1  
April 2010 $80.38 Available Apr 1