Nadia Najam Saqib's Group

Nadia baji, the wife of Najam Saqib, lives in an area of Lahore, Pakistan named Ismail Nagar where she has resided in her two room brick house for the last three years. A housewife who completed her education to 12th standard, Nadia baji prefers to concentrate on housework and teaching her four sons, the eldest of whom is in 3rd standard while the others are in kindergarten. Her husband has a burger joint which he has operated for the past 15 years.

She fully repaid her three previous loans from Asasah (a microfinance institution in Pakistan) and now is applying for a loan to buy chairs, tables, and tablecloths for her husband's burger joint in order to provide his customers with a better service.

She is joined in her loan group by four other members: Rashida baji wants a loan to buy biscuits and sweets to resell; Asifa baji wants to buy utensils for her food business; Irshad baji wants to buy scrap (iron, papers, and plastic bottles) for her scrap business, and Shahnaz baji wants a loan to buy lentils, cooking oil, and rice for her food 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.




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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