Pankaj Devi and 5 entrepreneurs Yaduvansh Nag
Loan requested $1421.80
Loan issued $1421.80
Funds raised $781.99
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Pankaj Devi and 5 entrepreneurs Yaduvansh Nag

Pankaj Devi owns a dairy farm. She supplies milk to her locality. Demand for milk is growing day by day hence she wants to buy some buffaloes. Therefore she has applied for a micro loan. She has five members in her family including one son and two daughters who attend school. Her monthly income is Rs3000/-(USD66). She is taking a loan for the second time from Ajiwika Society as she successfully repaid the first cycle loan. She likes the monthly repayments system. She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Laxmi Devi (Photo 2)has a very small general store. She wants to capitalize her shop as her customers are increasing and she also wants to repair her shop because it is broken in some places and hence she has applied for micro loan. She also wants to improve her standard of living. She has three members in her family including one son. Her monthly income is Rs3000/-(USD66). Puja Devi sitting first from the right in the front row runs a small seeds shop which she runs with her husband. She wants capitalize her shop and expand her business and hence applied for micro loan. She has three members in her family including one small daughter. She wants to save something for the future for her daughter’s education. She is taking loan for the second time from Ajiwika Society as she successfully completed the first cycle and also she likes the monthly repayments system.Her monthly income is Rs3000/-(USD66). Sunaina Devi sitting first from the right at back row runs a small garage with her husband. She wants to buy some equipment for the garage and has hence applied for a micro loan. She has four members in her family including one son and one daughter who attends school. Her monthly income is Rs3000/-(USD66). She also wants to save something for the future to deal with the emergencies. Rita Devi sitting in the middle at the back row has fruit business. She sells fruit from a cycle cart. She wants to expand her business as her customers are increasing and hence applied for micro loan. Her husband also helps her in this business. She has four members in her family including one son and one daughter who attend school. Her monthly income is Rs. 3000/-(USD66). Shanti Devi sitting first from the left on the back row runs a small furniture shop. She wants to invest capital in this business to buy some equipment for this business and to make furniture of modern design as the demands of customers are moving towards well designed products. Hence she has applied for a micro loan. She has four members in her family including two sons who attends to school. Her monthly income is Rs3000/-(USD66). She is taking a loan for the second time from Ajiwika Society as she successfully repaid the first loan. She likes the monthly repayments system. 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 = $781.99
Total Loan Amount = $1421.8

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
Geoff
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Anette
Sverre Skimmeland
Ashok
Picasso's paintbrush
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Alex
The Imran Family
Grant
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Are
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Anonymous
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Lakshmi
WelshHelen
Sivupersoona
Shubha & Bala
Deb
indrayudha
 
 
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