Khalida Parveen Zulfiqar Group

Khalida parveen baji is a wife of Mr. Zulfiqar and lives in Pakpattan, Pakistan. She owns a two-room, brick house and has been living in it for the past 10 years. She is the mother of eight children: four sons and four daughters. All of her children are enrolled in a local school in her neighborhood. Khalida baji’s husband works in a rice mill. Khalida baji herself has a sewing business. She has been sewing clothes for the past five years, and charges $2 per suit. She is applying for a loan to buy an electric sewing machine so that she will be able to sew more clothes and earn more profit.

She is joined in her loan group by a few more members. Zahran baji requests a loan to buy fruits to resell. Khursheed baji requests a loan to buy vehicles wheels to resell. Ameena baji requests a loan to buy wood to resell. Khadija baji requests a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle).

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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