Tara Devi and 5 entrepreneurs, Kurmidih
Loan requested $908.06
Loan issued $908.06
Funds raised $499.43
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Tara Devi and 5 entrepreneurs, Kurmidih

Tara Devi runs a small chips shop from her house. She also has a small grocery shop. She wants to expand her chips business to earn more and save something for the future contingencies, hence she has applied for a micro loan. She has four members in her family including two sons who attend school. Her monthly income is Rs 2000/-(USD44). She is the group leader, and she organizes monthly meetings and ensures that all repayments are made on time. Gandho Devi (Photo 2) runs a small grocery shop with her husband. She wants to expand her business as customers for quality products are increasing. As a result, she has applied for a micro loan. She has six members in her family including two daughters and two sons who attend school. The elder son is a daily worker. Her monthly income is Rs 3000/-(USD66). Ranju Devi sitting first from the right at the front row has a tailoring shop at her home where she gets a few customers. She wants to move her shop to a market place where she can get many customers and increase her income. She has five members in her family including three sons who attend school. Her monthly income is Rs3000/-(USD66). Raj Kumari Devi sitting first from the left at the front row runs a small tailoring shop at her house. She has many customers to whom she is unable to cater service. She wants to buy two sewing machines and hire one person hence she has applied for a micro loan. She has six members in her family including three daughters and one son who attends school. Her monthly income is Rs 3000/-(USD66). Ragan Devi sitting first from the left at back row has an electronics shop. She wants to buy improved products for her shop. Hence she has applied for a microloan. Her husband also helps her in this business. She wants to increase her income to improve the living condition of her house and save something to meet the contingencies. She has six members in her family including three sons and one daughter who attends to school. Her monthly income is Rs 2500/-(USD55). Yashmin Khatun sitting in the middle at back row in the group photo has a small vegetable shop. She wants to expand it as her customers are increasing hence she has applied for a microloan. Her son also helps her in this business. Her monthly income is Rs3000/-(USD66). (Note :Yashmin Khatun is not listed under 'View members and loans'). These entrepreneurs are very dedicated and want to do good for themselves and their families. They understand the concept of Joint Liability Group. In case any member is unable to repay the micro loan, they will pay on the behalf of the member whose loan is delinquent. The entrepreneurs in the group support each other through the joint liability concept Note: In the entrepreneur names you may find that several last names are repeated e.g. Devi, Bibi, Kumari. These are not last names as commonly understood but respectful ways of addressing ladies in certain parts of India.


Partner MFI
Name: Ajiwika Society Ownership: Non-profit
Year Founded: 2006 Credit Risk Rating: Beta Plus
Partner Since: 2009 Rating Agency: M-Cril
Interest Rate: 24.0 % Delinquency Rate: 2.67 %
Target Clients: Poor, Ultra poor Default Rate: 0.0 %
Repayment overview

Total Funded Amount = $499.43
Total Loan Amount = $908.06

Repayment Overview chart

Note: This chart indicates the repayment by entrepreneurs on the principal amount. The actual repayment amounts include the interest on the loan and will be different.
Progress Report
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Funders to this entrepreneur

Shubha & Bala
Dr. J - magician
Andreas
Sverre Skimmeland
Geoff
Investor Image
Anonymous
 
 
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