Renu Devi runs a tailoring business. Though she has many customers she only has two stitching machine and she is unable to adequately serve all of her customers. As a result she wants to buy another stitching machine and hire one person. To do this, she has applied for a micro-loan for her tailoring business. Presently her monthly income is Rs.3000/-(USD66). She has six members in her family including two sons and two daughters who attend school. She is the group leader who organizes monthly meetings and ensures that all repayments are made on time.
Kausalya Devi (Photo 2) sitting first from the right runs a grocery shop. She wants to expand her business to earn more profit and improve her standard of living and hence applied for micro loan. She has five members in her family including three sons who attends to a nearby school. Her husband also helps her in this business and her monthly income is Rs3000/-(USD66).
Gulabjhari Devi sitting first from the left is a peddler of ice cream. She wants to expand her business and input more capital into her business to earn more profit. To do this she has applied for micro loan. Her husband also helps her in this business. She has six members in her family including four sons among them three of her son’s works on the basis of daily wages and one of her son attends to school. Her monthly income is Rs 3000/-(USD66).
Asha Devi sitting in the middle of the group photo has cassette business. She wants to expand her business and hence applied for micro loan. She also wants to earn more and save something for the future requirements. She has five members in her family including three sons who attend school. She wants to give her children higher education in spite of her low income. Her monthly income is Rs2000/-(USD44).
Usha Devi sitting second from the right provides fast food stall with her husband. She wants to invest capital in her business as the customers are increasing every day hence applied for micro loan for her business. Her monthly income is Rs2000/-(USD44). She has five members in her family including three daughters who attend school. She also wants to save something for the future for her daughters. Her husband also helps her in this business.
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.