Mumtaz Akbar Ali Group

Mumtaz baji is the mother of five kids: three daughters and two sons. All of her kids are getting an education. Mumtaz baji has a wish to give her kids a good education. For completing that wish she operates a decorative embroidery business. She prepares embroidered dresses on order which she takes from the cloth shops, and in so doing she earns income. She uses her income to pay school fees and to share the financial burden of her husband. She is applying for a loan to buy goats for her husband’s butcher shop.

Mumtaz baji is the group leader for another three women from her locality. Shamim baji wants a loan to buy a donkey cart for transport. Sakina baji wants a loan to buy a sewing machine. Nasreen baji wants a loan to buy seasonal fruit for her fruit -selling 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