Parveen baji’s husband has a livestock business. He raises cattle and sells them in the market. Parveen baji is a housewife who prefers to do household work and take care of her family.
Parveen baji successfully repaid her first loan from Asasah, a microfinance institute in Pakistan. Now she is applying for a loan to buy cattle (sheep and goats) to resell.
She is joined in her loan group by four more members. Zahida baji wants a loan to buy material (lentils, cooking oil and spices) for her food business. Qubra baji wants a loan to buy seasonal fruits for her fruit-selling business. Zakia baji wants a loan to buy groceries for her grocery shop. Nasira baji wants a loan to buy wood 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.
Note: Baji, which means 'older sister,' is a term of respect for women in Pakistan.
This is a Group Loan
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Success!! The loan was 100% repaid