Ulfat Ghulam Rasool Group

Ulfat baji is a wife of Ghulam Rasool who has a cold drink corner in the community for the past 5 years. Ulfat baji is the mother of three kids: one son and two daughters. All of her kids are getting an education from a school located near their house. Ulfat baji is a seamstress. She sews clothes, taking orders from her neighbors. She uses her income to pay the school fees of her kids. She is applying for a loan to buy cold drinks for her husband’s cold drink corner.

She is the group leader for some more women from her locality. Latifan baji wants a loan to buy dried fruits to sell. Naziran baji wants a loan to change the body of her family's auto-rickshaw (a local three-wheeled motor vehicle). Haseena baji wants a loan to buy shoes for her shoe-selling business. Another Haseena baji wants a loan to buy cosmetics to sell.

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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