Zarina M. Ashiq Group
Zarina operates a tailoring business. Her daughter helps her in the cutting of dresses. She has successfully repaid three loans from Asasah (a microfinance institute of Pakistan). Now she is applying for a loan to buy flour for her husband’s bread making business.
The other members of the group will use the loan as follows: Gaman sells milk and will use her portion of the loan to buy a buffalo for her milk business. Sheema and Tanveer each want to buy a buffalo for their animal sales businesses. Sakina will use the loan to buy cosmetics to resell.
This is a group loan. The loan funds will be distributed among the group members, each of whom will invest in their 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