Samina Yasmeen

Loan description:

Samina Yasmeen is 41 years old and a widow, with six children. Four of her children go to school, while her eldest son works shifts in a factory. He makes up to 12,000 Rupees (around $114) per month. Her eldest daughter, on the other hand, looks after the household errands. Samina provides for her family through her small business where she produces a specific sort of coarse yarn that is made by unwinding used and damaged sweaters. But she only manages to earn around 6,000 Rupees (about $57) each month, on average. Despite their hard work, the amount she and her son earn is not near enough for them to manage their domestic expenditures. Samina is now looking to extend her business and increase her production. She wants to start a fabrics business; she needs to buy bulk quantities of stitched fabrics to sell to individual consumers in her neighbourhood. She has requested for a loan to invest in her business. She also needs to purchase more sweaters from the wholesale market to increase her yarn production. She is confident that she can increase her income and provide a comfortable lifestyle for her children.