Gauri Devi and 4 entrepreneurs, Santhaldih
Loan requested $796.44
Loan issued $796.44
Funds raised $438.04
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Gauri Devi and 4 entrepreneurs, Santhaldih

Gauri Devi (Photo 1) sitting in the middle of the group photo sells clothes door-to-door. She wants to set up a permanent shop in a marketplace. She has applied for a micro-loan for a clothing store. She has four members in her family including two sons who attend school. Her husband also helps her in this business. Her monthly income is Rs3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Shakuntala Devi (Photo 2) sitting second from the right makes paper board crown. She wants to expand her business as her customers are increasing day to day and hence has applied for a micro-loan. Her husband also helps her in this business. She has six members in her family including four sons who attend school. Her monthly income is Rs3000/-(USD66). Urmila Devi sitting first from the right also makes paper board crown. She wants to expand her business to earn more profit and hence has applied for a micro-loan. She also wants to save something for the future. She has three members in her family including one daughter who attends school. She wants to give her daughter a higher education in spite of her low income. Her monthly income is Rs3000/-(USD66). Kendu Devi sitting second from the left has a garage which she runs with her husband. She wants to buy some equipment for this business hence she has applied for a micro-loan. She has four members in her family including two sons who attend school. Her husband also helps her in this business. Her monthly income is Rs3000/-(USD66). Dulia Devi sitting first from the left has a battery shop. She wants to expand her business as her customers are increasing day to day. To fulfill the growing demand from the customers and earn more profit she has applied for a micro-loan. 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 = $438.04
Total Loan Amount = $796.44

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

Sverre Skimmeland
Shubha & Bala
Andreas
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Leonard
Geoff
Deb
Vitor
FairSpirit
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Alex
Rachna Bardaiyar Kumar
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Bill
 
 
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