Kosar Muhammd Saleem Group
Kosar baji has a business making and selling decorative embroidered scarves. Her daughters help her in this business. Kosar baji's husband sells vegetables. He has been in this profession for the last 5 years. Kosar baji has successfully completed two loans from Asasah (a microfinance institute of Pakistan). With the profit from these two loans, she renovated the house and improved the family's financial condition. Now she is applying for a loan to expand her scarf-making business. She will use the loan to buy materials like cloth and colored thread.
She is joined in her loan group by a few more members. Akhtar baji wants a loan to buy a welding machine for her iron business. Shamim baji wants a loan to buy more material (rice, cooking oil, and lentils) for her grocery shop. Kanwal baji wants a loan to buy more spices to resell.
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.
This is a Group Loan
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Success!! The loan was 100% repaid