Jagni Devi and 4 entrepreneurs, Babu Gaon
Loan requested $936.99
Loan issued $936.99
Funds raised $515.34
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Jagni Devi and 4 entrepreneurs, Babu Gaon

Jagni Devi (Photo 1) sitting first from the right has a small vegetable shop. She wants to expand her business, since her customer base is growing. Because of this, she has applied for a micro-loan. She also wants to save something for the future. She has three members in her family including one son who does fast food business. Her monthly income is Rs3500/-(USD77). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Babita Devi (Photo 2) 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 seven members including two sons and three daughters who attend school. Her monthly income is Rs2000/-(USD44). Radha Devi sitting second from the right runs a small general store. She wants to expand her business as her customers are increasing and hence has applied for a micro-loan. She has five members in her family including two daughters and one son who are in school. Her husband also helps her in this business. Her monthly income is Rs3000/-(USD66). Babli Devi sitting in the middle of the group photo runs a small number-plate shop with her husband. She wants to expand her business and also wants to decorate her shop to attract more customers. To do this 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 Rs300/-(USD66). Fhulwanti Devi sitting second from the left raises goat. She supplies goat to hotels and restaurants. Her husband also helps her in this business. She wants to expand her business, so she has applied for a micro loan. She has five members in her family including two sons and one daughter who are going to 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 = $515.34
Total Loan Amount = $936.99

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
FairSpirit
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Alex
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Bill
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Anonymous
 
 
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