Nabeela Naeem Iqbal's Group

Nabeela baji is the wife of Naeem Iqbal and lives in a historical place named Yadgar of the city Lahore, Pakistan. She has been living in this place for the last 2 years. She is the mother of four children: three daughters and one son. All of her children are enrolled in a local school in her neighborhood. Nabeela baji’s husband is a driver and drives an auto-rickshaw (a local three-wheeled motor vehicle). Nabeela baji herself is a housewife and prefers to do household work and take care of her family. She successfully repaid her first loan from Asasah (a microfinance institute of Pakistan). Now she is applying for a loan to repair her husband’s auto-rickshaw.

She is joined in her loan group by a few more members. Shahnaz baji wants a loan to buy an instrument for her musical group. Rukhsana baji wants a loan to buy a grinding machine to grind wheat. Shabana baji wants a loan to buy leather for her leather jacket making business. Majeedan baji wants a loan to buy leather for her leather shoe making 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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