Rashida M. Nazir Group

Rashida is a 58 year old married lady and a citizen of a city named Kot Radha Kishan, Pakistan, for the past 25 years.

Her husband's name is M. Nazir who is a vegetable seller by profession. He has been in this profession for the past 10 years. Rashida is the mother of two kids: one son and one daughter. Both of her kids are getting an education. Rashida prepares embroidered dresses to pay off the school fees of her kids.

She successfully repaid four loans from Asasah (a microfinance institute of Pakistan). Now she is applying again for a loan to buy seasonal vegetables for her husband’s vegetable selling business.

She is the group leader of three another women from her locality. Shahida wants a loan to buy medicines for her medical store. Sharifan wants a loan to buy wood to sell. Rasoolan wants a loan to buy groceries for her grocery shop.

This is a group loan. Loan funds will be distributed among 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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