Nusrat Almas M. Irshad Group

Nusrat baji helps her husband prepare Punjabi food for sale. She is a very responsible lady. She provides Punjabi food on time to his hotel. Now Mr. Irshad has decided to start driving an auto-rickshaw (a local three-wheeled motor vehicle) since Nusrat baji is able to handle his food business very well. She is applying for a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle) for her husband to use.

Nusrat baji is the group leader for some more women from her locality. Zahida Parveen baji wants a loan to buy bicycles to re-sell. Salma baji wants a loan to buy clothes to re-sell. Manzooran baji wants a loan to buy utensils to re-sell. Khursheed begum baji wants a loan to buy beams for her shuttering 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