Mehar Khan M.sadiq Group

Mehar Khan baji is 53 years old and a married lady and citizen of a city named Lahore, Pakistan for the past 21 years. Mehar baji is the mother of one son who is 15 years old and works in his father’s scrap business. Mehar Khan baji successfully repaid her two loans from Asasah (a micro-finance institute in Pakistan). Now she is applying again for a loan to buy scrap for her husband’s scrap business.

Mehar baji is the group leader for another four women from her locality. Bashiran baji wants a loan to buy an auto-rickshaw (a local three-wheeled motor vehicle). Khatoon baji wants a loan to buy seasonal fruit for her fruit-selling business. Rubina baji wants a loan to buy CDs for her CD shop. Asma baji wants a loan to buy a sewing machine for sewing clothes.

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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