Ganga Devi and four entrepreneurs, Digwar
Loan requested $911.16
Loan issued $911.16
Funds raised $501.14
Funds released $0.00
Sector Agriculture
Repayment term in months 18.0


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About Ganga Devi and four entrepreneurs, Digwar

Ganga Devi (Photo 1) sitting first from the left has bricks business. Her husband helps her in this work. She wants to expand her business to earn more profit and hence applied for micro loan. She has three members in her family including one son who works as a daily wage earner. Her monthly income is Rs 2500/- (USD55). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Nankumari Devi sitting second from the left is a farmer. Her husband helps her in this business. She wants to increase her profit and hence applied for micro loan. She has five members in her family including two sons and one daughter who attend school and her monthly income is Rs 2000/- (USD44). Panua Devi sitting in the middle of the group photo is a farmer. She grows vegetables in her field. She wants to expand her business to earn more profit and has hence applied for micro loan. Her husband helps her in this business. She has five members in her family including two daughters and one son who attend a nearby school and her monthly income is Rs 1000/- (USD22). Sita Devi sitting second from the right is also a farmer. She grows potato and some seasonal items. Her husband helps her in this business. She wants to expand her business and hence applied for micro loan. She has five members in her family including two daughters and one son who attend school. Her monthly income is Rs 2500/- (USD55). Milo Devi sitting first from the right is also a farmer working with her husband in the field. She grows potato, tomato etc and some other seasonal items. In order to earn more profit she has applied for micro loan. She also wants to save something for the future. She has three family members including one daughter. Her monthly income is Rs 3000/- (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

Dr. J - magician
Sivupersoona
The Imran Family
Andreas
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Anonymous
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Anonymous
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Astrid
Birkel
Proteep Mallik
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amit b
 
 
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