Baijanti Devi & 4 entrepreneurs, Patel Nagar
Loan requested $1777.25
Loan issued $1777.25
Funds raised $977.49
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Baijanti Devi & 4 entrepreneurs, Patel Nagar

Baijanti Devi 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 members in her family including two sons. Her monthly income is Rs3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Baijanti Devi and all the entrepreneurs in this group have successfully repaid their first loan from Ajiwika. This is their second loan. Manju Devi (Photo 2) standing in the middle of the group photo sells vegetable. Her husband also helps her in this work. She wants to expand her business as her customers are increasing day to day and has hence applied for a micro loan. She has four members in her family including two sons. One of her sons helps her in this business and the other one goes to school. Her monthly income is Rs3000/-(USD66). Bidyavanti Devi standing first from the right sells clothes door-to-door. She wants to expand her business and invest capital in her business and has hence applied for micro loan. Her husband also helps her in this business. She has four members in her family including two sons who are attending school. Her monthly income is Rs. 3000/-(USD66). Bimla Devi standing second from the left has a dairy farm. She supplies milk to local tea stalls, restaurants and individuals. Demand for milk is growing day by day hence she wants to buy some buffaloes. Therefore she has applied for a micro loan. Her husband also helps her in this business. She has four members in her family including two sons who attends to school. Her monthly income is Rs. 3000/-(USD66). Chameli Devi standing first from the left also has a dairy farm. She not only wants to buy some buffaloes to meet the growing demands of her customers for milk but she also wants to improve her standard of living. She has applied for a micro-loan for her dairy business. She has four members in her family including two daughters who attends to school. Her monthly income is Rs. 3000/-(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 = $977.49
Total Loan Amount = $1777.25

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
Shubha & Bala
Geoff
Dr. J - magician
Sverre Skimmeland
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Alex
The Imran Family
Grant
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Are
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Anonymous
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Lakshmi
Sivupersoona
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Anonymous
Supriya & Bala
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Anette
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Tuukka Verho
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Anssi
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Anonymous
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Anonymous
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Anonymous
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Anonymous
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Anonymous
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Anonymous
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Ms. M
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Crtomir
Prakash
Trevor Rotzien
Canada & Israel
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Anonymous
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Anonymous
 
 
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