Razia M.farooq Sultan Group

Razia baji is a wife of M.Farooq sultan, and for the last five years has lived in Borewala, Pakistan, a town that is famous for its shrines. She has two children, one daughter and one son, both enrolled in a local school. Razia baji helps support her family and pay their school fees by making clothing. Her husband is a salesman and sells baked items such as breads to different bakeries. Razia baji is applying for this loan to buy items for her husband to sell so that he can earn a profit.

She leads a loan group that includes two other women who live in her town. Kosar parveen baji wants a loan to buy flour to sell. Shamim akhtar baji wants a loan to buy items for her business, which sells window shutters.

This is a group loan. Funds will be distributed among the 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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