Parvati Devi and 4 entrepreneurs, Hurhuru
Loan requested $1592.88
Loan issued $1592.88
Funds raised $876.08
Funds released $0.00
Sector Others
Repayment term in months 18.0


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About Parvati Devi and 4 entrepreneurs, Hurhuru

Parvati Devi (Photo 1) sitting first from the right has a pig business. She raises pigs. Her husband also helps her in this business. She supplies pigs to hotels and restaurants. She wants to expand her business, so she has applied for a micro-loan. She has six members in her family including two sons and two daughters who attend school. Her monthly income is Rs3500/-(USD77). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Guria Devi sitting second from the right does construction work with her husband. She wants to expand her business and has applied for a micro-loan. She also wants to save something for the future. She has six members in her family including four sons. Two of her sons attend school and two are working on the basis of daily wages. Her monthly income is Rs 3000/-(USD66). Guria Kumari sitting in the middle of the group photo sells bangles at her home. She wants to invest more in her business as customers are growing with demand for cosmetic products, hence she has applied for a micro-loan. She has three members in her family including one daughter. She wants to give her daughter a higher education in spite of her low income. Her monthly income is Rs1500/-(USD33). Kiran sitting second from the left provides rickshaw service with her husband. She wants to buy another rickshaw as customers are increasing, hence she has applied for a micro-loan. She also wants to save something for the future. She has seven members in her family including three daughters and two sons. Her monthly income is Rs2000/-(USD44). Manju Devi sitting first from the left does construction work with her husband. She wants to expand her business and has applied for a micro-loan. She also wants to improve her standard of living. She has five members in her family including two sons and one daughter. She also wants to save some for the future for her children's education. 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 = $876.08
Total Loan Amount = $1592.88

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
Geoff
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Anonymous
FairSpirit
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Alex
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Bill
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Anonymous
 
 
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