Zahida Bibi and 4 entrepreneurs, Dhandobar
Loan requested $900.47
Loan issued $900.47
Funds raised $495.26
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Zahida Bibi and 4 entrepreneurs, Dhandobar

Zahida Bibi sells biscuits in her bicycle with her husband. She wants to expand her business as her customers are increasing and has hence applied for micro loan. She also wants to earn more profit and improve her standard of living. She has four members in her family including one son and one daughter. Her monthly income is Rs3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Pairun Bibi (Photo 2) has a tailoring business at her house. Her husband also helps her in this business. She wants to buy a tailoring machine and hire a person as her customers are increasing day to day and has hence applied for a micro loan. She has five members in her family including two sons and one daughter who attend school. Her monthly income is Rs3000/-(USD66). Ashima Devi standing in the middle of the group photo runs a small hotel with her husband. She wants to increase the size of hotel, so she has applied for a micro-loan for her hotel. She also wants to capitalize her hotel and decorate her hotel to attract more customers and earn more profit. She has four members in her family including two sons who attend school. Her monthly income is Rs3000/-(USD66). She is taking loan for the second time from Ajiwika Society as she successfully repaid the first loan. She also likes the monthly repayments system. Shaida Khatun standing second from the right sells bangles door-to-door. She wants to have a shop at the marketplace where she can serve more customers and increase her income. In order to do this, she has applied for a micro-loan. She also wants to earn more profit to improve her standard of living. She has five members in her family including one son and two daughters who attend school. Her monthly income is Rs3000/-(USD66). Savitri Devi standing first from the right does construction work with her husband. She wants to expand her business and has applied for a micro loan. She wants to improve her standard of living and also wants to save something for the future requirements. She has five members in her family including three sons. 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 = $495.26
Total Loan Amount = $900.47

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
Dr. J - magician
Sverre Skimmeland
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Alex
The Imran Family
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Anonymous
Grant
Shubha & Bala
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Are
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Anonymous
Sivupersoona
Link7373
 
 
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