Subhadra Devi and 4 entrepreneurs, Kurmidih
Loan requested $911.16
Loan issued $911.16
Funds raised $501.14
Funds released $0.00
Sector Others
Repayment term in months 18.0


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About Subhadra Devi and 4 entrepreneurs, Kurmidih

Subhadra Devi (Photo 1) sitting first from the left has a small dairy farm. She wants to expand her business to earn more profit. She also wants to buy some cows as the demand for milk is increasing and has hence applied for a micro loan. She has five members in her family including two sons and three daughters who are in school. Her monthly income is Rs3000/-(USD66). She is the group leader, so she organizes monthly meetings and ensures that all repayments are made on time. Sandya Devi (Photo 2) sitting second from the right has tailoring shop at her house 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. To do this she has applied for micro loan. She has five members in her family including two sons and one daughter who attend school. Her monthly income is Rs 3000/-(USD66). Runa Devi sitting second from the left has a small dairy farm. She wants to buy some more cows to cater to the increased demand of her customers. She has applied for a micro-loan for her dairy farm. She has a big family with eight members including one son and five daughters. She also wants to save something for the future requirements. Her monthly income is Rs3000/-(USD66). Lilam Devi sitting in the middle of the group photo also has a small dairy farm with some cows and few goats. She wants to earn more profit hence applied for micro loan to buy more goats and supply the milk to the nearby market place and also in her locality. She has four members in her family including two sons who attend school. Her monthly income is Rs3000/-(USD66). Rita Sharma sitting first from the right 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 more customers and increase her income as her family needs are increasing day by day. She has six members in her family including one son and three daughters who attend school. Her monthly income is Rs3000/-(USD66). 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 = $501.14
Total Loan Amount = $911.16

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

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Anonymous
The Imran Family
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Alex
Geoff
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Anonymous
 
 
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