Santoshi Devi and 5 entrepreneurs, Kalapathar
Loan requested $1108.80
Loan issued $1108.80
Funds raised $609.84
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Santoshi Devi and 5 entrepreneurs, Kalapathar

Santoshi Devi (Photo 1) sitting first from the left in the front row in the group photgraph runs a small vegetable shop. She wants to expand her business as the customers are increasing and demanding for various products. To do this she has applied for micro loan. She has five members in her family including one daughter and two sons who are going to school. Her monthly income is Rs3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Paro Devi sitting in the middle at front row runs a small cycle repair shop. She wants to buy some materials for her shop, as the demands of her customers are increasing. Because of this, she has applied for a micro loan. She has four members in her family including two sons who attend school. Her monthly income is Rs3000/-(USD66). Her husband also helps her in this business. Aduri Das sitting first from the right at the front row has a bangle shop at her home where she is unable to get many customers. She wants to move her shop to a market place and increase the products of her shop hence she has applied for a micro loan. She has five members in her family including one daughter and two sons who attend school. Her monthly income is Rs3000/-(USD66). Sumitra Mahato sitting first from the right at the back row provides auto service with her husband. Her customers are increasing day by day. She wants to hire an auto and a driver. She also wants to repair her auto. Hence she has applied for a micro loan. She has five members in her family including one daughter and two sons who are going to school. Her monthly income is Rs3000/-(USD66). Kalayani Devi sitting in the middle at the back row grows and sells vegetables. She wants to increase her area of cultivation, as she is attracting more customers. As a result, she has applied for a micro loan. She has five family members including one daughter and two sons who are going to school. Her monthly income is Rs3000/-(USD66). Savitri Devi sitting first from the left at back row is a peddler of vegetable. She wants to have a small shop at the market place to attract more customers and to do this she has applied for micro loan. She also wants to improve their standard of living. She has six members in her family including two daughters who attend to school and two sons who works on the basis of daily wages. 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 = $609.84
Total Loan Amount = $1108.8

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

Andreas
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Anette
Dr. J - magician
Srivastav
Supriya & Bala
Sverre Skimmeland
Vitor
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Alex
Geoff
Shubha & Bala
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Anonymous
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Anonymous
 
 
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