Naghma Muhammad Siddique Group

Naghma baji has been a citizen of Lahore, Pakistan for the last 18 years. Lahore city is famous for its historical places and for Punjabi foods. She is an uneducated lady but her mother gave her the skill to sew clothes. She started a sewing clothes business to share the financial burden with her husband. Her husband's name is Muhammad siddique. He is an auto-rickshaw (a local three-wheeled motor vehicle) driver. Naghma baji is requesting a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle) because her husband is currently driving a rented one and pays half of his income to the owner.

This group loan consists of three additional people:

Asmat baji wants a loan to buy groceries for her grocery shop.
Bushra baji wants a loan to buy vehicle spare parts to sell.
Parveen baji wants a loan to buy wood and nails for her furniture making business.

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.

Note: “Naghma baji is seated on the first left side in this photo”.




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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