Nazia Atif

Loan description:

At the age of 39, Nazia Atif is a skilled jewellery artist. She designs and crafts artificial jewellery with the help of stones, beads, pearls etc. She started this business over a year ago and currently earns 10,000 Rupees ($95) monthly. Nazia is married and a mother of four children. All four of her kids go to school. Her husband does shuttering of houses and earns 13,000 Rupees ($124) monthly. Even with two earning hands in the family the combined household income remains insufficient for her family. To raise her earnings Nazia needs to expand her business. She figures that she can do so by increasing her production of jewellery. To achieve that, she needs to buy more amounts of materials and supplies. She wants to purchase some strings and cords that are used for preparing the jewellery, along with some ornate materials like stones, pears, beads, charms etc. However, her major drawback is her lack of resources. She does not have enough capital to invest in her business. Therefore, she has requested a loan that she promised to repay in 17 installments. She is hopeful that she will be able to increase her output and earn better for her family.