Zareena M.rafiq Group

Zareena baji has been a citizen of a city named Vehari, Pakistan for the past 15 years. Zareena baji is married to a man whose name is M. Rafiq, and he is a mason. Zareena baji is a housewife but she is involved in a clothes-sewing business also. She knows that her husband’s income is insufficient, and she does this work to share the financial burden of her husband and to meet the family's expenses. Zareena baji is applying for a loan to buy mason's tools for her husband’s business.

She is the group leader for some more women from her locality. Nagina baji wants a loan to buy meat to sell. Rukhsana baji wants a loan to buy goats for her animal-selling business. Shafiqan baji wants a loan to buy scrap for her scrap business. Sakina baji wants a loan to buy groceries for her grocery 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

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