Yes. It is possible, but there are some considerations.
Do you want her to have her own AppleID? If so, she (or you) will have to pay for all of her apps, even if you have bought them for your own iPad.
If not, you will have to make sure that your data is kept separate from hers when apps, such as Pages, want to sync it in the cloud.
If you want to get back to us with your specific requirements, we can help further.