Rashida Ghulam Abas's Group

Rashida baji is the wife of Ghulam Abas. She lives in Multan, Pakistan. Rashida baji is a housewife and takes care of her children. She also makes clothing sheets and sells them in the market to earn good profit. She is the mother of one daughter and one son. Her husband makes cloth and sells cloth in a big market to earn a good profit. Their monthly earning is $131.22. Rashida baji is applying for a loan to buy material (cloth) to make clothing sheets.

She is joined in her loan group by a few more members. Shabnam baji wants a loan to buy more scrap for her scrap business. Naseem baji wants a loan to buy material (thread and needles) for her decorative embroidery business. Habibia baji wants a loan to buy new bicycles to resell. Mumtaz baji wants a loan to buy wood to resell in her neighboring area for burning in stoves, since gas is not available.

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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