Naheed Ejaz's Group

Naheed, wife of Mr.Ejaz, is the mother of five beautiful children. The eldest son is in 9th standard. The third son is in 2nd standard. Her husband works in a workshop. She is a housewife and does household work. She successfully completed a loan from Asasah, a microfinance institution of Pakistan. She took a loan for her son and made a rickshaw. Her son drives a rickshaw and supports the family. Now she applies for a loan for her husband to start his welding workshop. She hopes to make a profit from this loan that she can use to better her sons' futures.

Razia baji wants a loan to buy a rickshaw. Safia baji wants a loan to start a grocery shop. Nazia baji wants a loan to buy a paint machine. Shazia baji wants a loan to buy a rickshaw.

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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