Kamal Kumari and 4 entrepreneurs, Sonatand
Loan requested $1311.78
Loan issued $1311.78
Funds raised $721.48
Funds released $0.00
Sector Others
Repayment term in months 18.0


Feed RSS

[Post to Twitter]Tweet this entrepreneur

Bookmark and Share
View members and loans

Spread the word

Encourage your friends and family to join you in supporting the cause of your championed entrepreneur.

Third
Thank your supporters and encourage them to share your cause with their friends.
About Kamal Kumari and 4 entrepreneurs, Sonatand

Kamal Kumara (Photo 1) standing second from the left owns a dairy farm. She not only wants to buy some buffaloes to meet the growing demands of her customers for milk but she also wants to improve her standard of living. She has applied for a micro-loan for her dairy business. She has six family members including two sons and two daughters who attend 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. Nibha Devi standing first from the left runs a small music store shop. She wants to expand her business and hence has applied for a micro-loan. She also wants to earn more profit and save something for future requirements. Her husband also helps her in this business. Her monthly income is Rs 3000/-(USD66). She has seven members in her family including two sons and three daughters who attend school. Tara Devi standing in the middle of the group photo has a small mushroom farm. She wants to expand her business and earn more profit as her customers are increasing day to day and hence 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). Kamala Devi standing second from the right 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 four members in her family including one son and one daughter who attend school. Her monthly income is Rs3000/-(USD66). Shrimati Devi standing first from the right raises goats. She supplies goats to hotels and restaurants. She wants to expand her business so she has applied for a micro-loan. She has five family members, including three sons. Two of her sons attend school and one of her sons 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 = $721.48
Total Loan Amount = $1311.78

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
Comments Add a Comment about this entrepreneur


Please login to add a comment.


Funders to this entrepreneur

Geoff
Investor Image
Anette
Sverre Skimmeland
Andreas
Dr. J - magician
Investor Image
Leonard
FairSpirit
Investor Image
Alex
Investor Image
Bill
Panchk
Roland
Investor Image
Anonymous
Sivupersoona
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization