Amna Ashiq Hussain Group

Amna baji is a 48-year-old married lady who resides in the city of Borewala in Pakistan. She owns a two-room brick house which she has been living in for the past 5 years. Amna baji is an uneducated lady, but she knows the importance of education; in fact, she believes that knowledge takes a man or woman from the earth to the sky. Her husband's name is Ashiq Hussain, and he is a policeman who works at the police station nearest to her community. Amna baji has two kids: one son and one daughter. Her son works in a factory, while her daughter is in the 3rd standard.

Amna baji has a medicine sales business. She has 6 years of experience in this business. Specifically, she buys medicines from the wholesale market, and she later sells such medicines to medical stores. She has already successfully repaid one prior loan from Asasah (a microfinance institute of Pakistan). Now she is applying for another loan to expand her medicine-selling business.

She is the group leader of four other members: (1) Shazia baji wants a loan to buy tools for repairs in connection with her motor workshop; (2) Sugran baji seeks a loan to buy animals (goats and buffaloes) to resell; (3) Shamim akhtar baji requests a loan to buy goods (lentils, cooking oil, and spices) for her food business; and (4) Humaira bano baji would like a loan to buy medicine to resell.

This is a group loan: as such, the loan proceeds will be distributed amongst the group members, each of whom will invest in her own business. Notably, the members mutually guarantee one another's loans: so, if one member does not promptly repay her portion of the loan, then the other members are responsible for curing the arrears.



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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