Fozia Mumtaza Ali Haider Group
Fozia baji’s husband has a mobile phone shop in which he sells and repairs mobile phones. He has been in this business for the past 5 years. Fozia baji has a business selling clothes. Because she wants to share the financial burden of her husband, and because of inflation is increasing every day, it's very difficult for a single person to support the family. She is applying for a loan to expand her clothing business.
She is joined in her loan group by three more members. Zahida Parveen baji wants a loan to buy leather to resell. Suraiya baji wants a loan to buy groceries for her grocery shop. Amreena baji wants a loan to buy lentils, rice, cooking oil, and spices for her food 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.
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