Jamila Riaz Masih Group
Jamila baji’s husband has a leather-selling business. He has been selling leather for the past 10 years. Jamila baji is a housewife and prefers to do household work and take care of her family. She has successfully repaid her three loans from Asasah (a microfinance institute in Pakistan). Now she is applying for a loan to buy more leather to expand her husband’s business.
She is joined in her loan group by several more members. Rani baji and Shakeela baji and Taj baji each want a loan to buy leather to re-sell. Naziran baji wants a loan to buy wooden beams for her shuttering business. Rashidan baji wants a loan to buy milk for her milk-selling 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.
This is a Group Loan
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Success!! The loan was 100% repaid