Kosar Ghulam Muhayud-din's Group

Kosar baji is the wife of Ghulam Muhayud-din and lives in a small area named Bund Road of City Lahore, Pakistan. She has been living in this area for the last 20 years. She is the mother of four children: three sons and one daughter. Her elder son completed his education in the 10th standard and has a furniture-making business. The next to him completed his education in the 12th standard and is now working in an office. Her younger son is completing his bachelor’s degree. Her daughter reads in the 12th standard. Kosar baji’s husband runs a hotel in his community. He has been in this business for the last 20 years. He is a well-known person in his community and everybody comes to him for buying food. Particularly, he sells a Punjabi dish (Nan and Channay). Kosar baji herself is a housewife and also helps her husband in making dishes. She is applying for a loan to buy more materials (cooking oil, lentils, vegetables, rice and spices) for her husband’s food business.

She is joined in her loan group by a few more members. Rubina baji wants a loan to buy more garments to resell. Sabah baji wants a loan to buy another juicer machine for her juice corner. Naeem baji wants a loan to repair her auto-rickshaw (a local three-wheeled motor vehicle). Nazia baji wants a loan to buy an auto-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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