Nasreen Ghulam Nabi's Group

Nasreen baji is the wife of Ghulam Nabi and lives in a historical place named Yadgar of the city Lahore, Pakistan. She has been living in this place for the last 31 years. Nasreen baji’s husband lives in Saudi-Arabia. She is the mother of one son, who wants to start a business. Presently, he works in an electrical supplies shop. He wants to buy a “pick up” vehicle for loading purposes. Nasreen baji is a housewife and prefers to do household work. She is applying for a loan to buy a “pick up” vehicle so that her son can start this business and earn good profit.

She is joined in her loan group by a few members. Farida baji wants a loan to buy tools to make electric switches to sell. Abida baji wants a loan to repair her auto-rickshaw (a local three-wheeled motor vehicle). Nargis baji and Rozina baji each want a loan to buy iron to resell.

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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