Punam Devi & 4 entrepreneurs, Yaduvansh Nagar
Loan requested $1492.89
Loan issued $1492.89
Funds raised $821.09
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Punam Devi & 4 entrepreneurs, Yaduvansh Nagar

Punam Devi has a diary. 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 members in her family including one son who is a daily wage earner and one daughter who attends 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. Punam Devi and all the entrepreneurs in this group have successfully repaid their first cycle loan from Ajiwika Society. This is their second loan from Ajiwika. Rina Devi (Photo 2) standing second from the right in the group photo makes and sells toys. She wants to expand her business as her customers are increasing. She also wants to capitalize her business to earn more profit and has hence applied for micro loan. She has six members in her family including two sons and two daughters who attend school. Her monthly income is Rs3000/-(USD66). Maha Sundari Devi standing first from the right runs a small tobacco shop. She wants to capitalize her business as her customers are increasing day to day. She also wants to grow the size of her business and has hence applied for micro loan. She has four members in her family including two sons who helps her in the business. She also wants to earn more profit to improve the standard of her living. Her monthly income is Rs3000/-(USD66). Renuka Devi standing in the middle of the group photo works as tailor from 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 business. She has four members in her family including two sons. Her monthly income is Rs3000/-USD66). Sushila Devi standing second from the left runs a tobacco business. She wants to grow the size of her business as her customers are increasing. She also has a small dairy farm and she wants to invest some capital in her farm. In order to do this she has applied for micro loan. She has five members in her family including one daughter and two sons 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 = $821.09
Total Loan Amount = $1492.89

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

Andreas
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Bill
Sivupersoona
Geoff
Dr. J - magician
Sverre Skimmeland
Picasso's paintbrush
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Alex
The Imran Family
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Anonymous
 
 
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