Babita Devi and 4 entrepreneurs, Bhojundih
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 Babita Devi and 4 entrepreneurs, Bhojundih

Babita Devi (Photo 1) standing first from the left runs a general store. She wants to expand her business as her customers are increasing day to day. To fulfill the demand of her customers and earn more profit she has applied for a micro-loan. Her husband also helps her in this business. She has five members in her family including two sons and one daughter 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. Rina Devi standing second from the left has a tailoring business at her home. She has many customers, but is unable to serve them adequately. Her husband also helps her in her work. She has applied for a micro-loan for her tailoring business. She has five members in her family including two daughters and one son who attend school. Her monthly income is Rs3000/-(USD66). Rekha Devi standing in the middle of the group photo also has a tailoring business at her house. She wants to expand her business as her customers are increasing day to day. To fulfill the growing demand of her customers she has applied for a micro-loan. She has three members in her family including one daughter. She also wants to save something for the future. Her monthly income is Rs3000/-(USD66). Sahida Khatun standing second from the right 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 five members in her family including two daughters and one son who attend school. Her monthly income is Rs3000/-(USD66). She also wants to increase her income so that she will be able to deal with emergencies. Pinki Devi standing first from the right has a small shoes shop. She wants to expand her business hence she has applied for a micro-loan. She has four members in her family including one son and one daughter who attend school. She also wants earn more profit to improve her standard of living. 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
Geoff
FairSpirit
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Alex
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Bill
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Anonymous
 
 
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