Kosar Bashir Ahmad Group

Kosar baji and Mr. Bashir get up at five each morning to work in their field. They have land in an area named “Aziz-a-Abad” in the city of Pakpattan. They grow vegetables there. When the vegetables become ripe they harvest them and Mr. Bashir goes to the market to sell the vegetables.

Kosar baji successfully repaid her first loan from Asasah (a microfinance institute of Pakistan). Now she is applying for a loan to buy fertilizer for her land so that they can grow more vegetabless and earn more profit.

She is joined in her loan group by a few more members. Asia baji wants a loan to buy a buffalo for her milk selling business. Allah Rakhi baji wants a loan to buy ingredients such as chick peas and rice for her food business. Taj baji wants a loan to buy cigarettes on wholesale to resell. Zubaida baji wants a loan to buy a lath machine. Shahida baji wants a loan to buy electric supplies like wires and switch boards for her electric shop.

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