Kumari Baby Raj & 5 others, Jhopri Colony
Loan requested $1045.98
Loan issued $1045.98
Funds raised $575.29
Funds released $0.00
Sector Retail
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 Kumari Baby Raj & 5 others, Jhopri Colony

Kumari Baby Raj earns a living by running an electronics shop. Though she sells locally-made goods, her customers demand upgraded and branded items. In order to meet the demands of her customers, she needs to supply upgraded items. As a result, she has applied for a micro-loan for her electronics shop. Buying upgraded equipment will help her grow her business. She has five family members, including two sons who attend a nearby school. Her monthly income is Rs.3,000/-. She is the group leader, so she organizes monthly meetings and ensures all repayments are made on time. Dharamshila Devi (photo 2) owns a dairy farm. She has many customers to whom she is unable to supply milk. To solve this problem and to meet the demands of her customers, she wants to purchase more cows. She has applied for a micro-loan for her dairy farm. She has four family members, including two sons who are in school. She wants to give her children the best education so that they will have good lives. Her monthly income is Rs.3,000/-. Bebi Devi, sitting first from the left in the group photo, has a tailoring business at her home. She wants to move her business to the marketplace, where she can attract more customers. She will buy two sewing machines and hire two people. As a result, she has applied for a micro-loan for her tailoring business. She has six family members, including two sons who are in school. She is quite ambitious regarding her children’s futures, and she wants to give them the best education. Her monthly income is Rs.3,500/-. Usha Devi, sitting next to her 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 five family members, including two sons. Her monthly income is Rs.3,000/-. Kumari Baby Raj is sitting third from the left, and Dharmshila Devi is sitting first from the right. Krishnawati Devi, sitting second from the right, runs a small hotel. She wants to grow her business by increasing the size of her hotel. She has applied for a micro-loan for her hotel. She has five family members including two daughters. Her monthly income is Rs.3,500/-. Lalati Devi, sitting third from the right has a dairy business. She wants to buy some cows to grow her business. As a result, she has applied for a micro-loan. She has seven family members, including two sons and her monthly income is Rs.3,000/-. These entrepreneurs are very dedicated and want to do well not only for themselves but also for their families. They understand the concept of a Joint Liability Group. If any member of the group is unable to repay their micro-loan, the other members will pay on the behalf of the member whose loan is delinquent.


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 = $575.29
Total Loan Amount = $1045.98

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
  Date: Dec 15, 2009

Kumari Baby Raj and her group members have received a loan of Rs.8000/- each. Kumari Baby Raj runs an electronic shop. After taking loan she has purchased products of different qualities to attract more customers. Due to increase in customers her income has also increased from Rs.3000/- to Rs.4500/- per month. Now she is also able to fulfill the requirements of her family.

Comments Add a Comment about this report


Please login to add a comment.


Comments Add a Comment about this entrepreneur


Please login to add a comment.


Funders to this entrepreneur

Andreas
P2P-Banking.com
The Imran Family
Investor Image
Anonymous
Grant
Sandeep
Hoelder1in
Geoff
Investor Image
Trond-Atle Asphjell
Tom
Sverre Skimmeland
Gaurav
Investor Image
Niels
Stein
Anonymous
Investor Image
Anette
Shubha & Bala
Investor Image
Anonymous
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization