Savitri Devi & 5 entrepreneurs, Yaduvansh Nag
Loan requested $1137.44
Loan issued $1137.44
Funds raised $625.59
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Savitri Devi & 5 entrepreneurs, Yaduvansh Nag

Savitri Devi owns a dairy farm. She has many customers to whom she is unable to supply milk. Therefore she wants to purchase more cows. She has applied for a micro-loan for her dairy farm. She has six members in her family including one son and three 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. Savitri Devi and all the entrepreneurs in this group have successfully repaid their first cycle loan from Ajiwika Society. This is their second loan. Kusum Devi sitting first from the right at back row makes and sells ice cream. She wants to expand her business and also wants to buy some equipment for the business and hence applied for micro loan. She has five members in her family including three sons who attend school. Her monthly income is Rs3000/-(USD66). She also wants to save something for the future to deal with the emergencies. Sanu Devi sitting first from the left at front row sells vegetable at customers door step. She wants to expand her business as her customers are increasing day to day. To fulfill the growing demand from her customers and earn more profit she has applied for micro loan. She has four members in her family including two sons. One of her son works at a construction site for daily wages. Her monthly income is Rs3000/-(USD66). Kausalya Devi sitting first from the right at front row also sells vegetable. She wants to grow the size of her business as her customers are increasing and hence applied for micro loan. She has five members in her family including three sons. One of her sons attends school and the other two works for daily wages at a construction site. Her monthly income is Rs3000/-(USD66). Ranju Kumari sitting first from the left at the back row runs tailoring business from her house. She wants to expand her business as her customers are increasing. To provide good service to her customers she wants to buy a sewing machine and hire a person and has hence applied for micro loan. She has three members in her family including one daughter who attends school. Her monthly income is Rs3000/-(USD66). Sushila Devi sitting in the middle at back row sells plastic, tins etc. She wants to expand her business to earn more profit hence applied for micro loan. Her husband also helps her in this business. She has four members in her family including two sons. One of her son goes to a nearby school and the other one helps her in this business. 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 = $625.59
Total Loan Amount = $1137.44

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
Sverre Skimmeland
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Christy
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Alex
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Anonymous
 
 
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