Sahida Khatun and 5 entrepreneurs, Jala
Loan requested $1516.59
Loan issued $1516.59
Funds raised $834.12
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Sahida Khatun and 5 entrepreneurs, Jala

Sahida Khatun sells clothes door-to-door. She wants to expand her business and invest capital in her business and has hence applied for a micro loan. Her husband also helps her in this business. She has six members in her family including two daughters and two sons who attend school. She is quite worried about her children future. Her monthly income is Rs3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. 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. Samiran Bibi (Photo 2) standing in the middle at back row of the group photo runs a small medical dispensary. She wants to grow the size of her business and invest capital in her business to serve the people properly. And thus she has applied for micro loan for her medical dispensary. She has four members in her family including two sons who attend school. 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.Her monthly income is Rs3000/-(USD66). Saburan Bibi standing first from the left at the front row is a peddler of cloths. 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. Her husband also helps her in this business. She has four members in her family including two sons. Her monthly income is Rs3000/-(USD66). Latipan Bibi standing first from the right at front row is also a peddler of cloths. She wants to expand her business as she has many customers. She also wants to make some stock as the price is rising. To do this she has applied for micro loan. 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.She has four members in her family including one son and one daughter who attend school. Her monthly income is Rs3000/-(USD66). Rasida Bibi standing first from the right at back row sells cloths at customers door step. She wants to expand her business and invest capital to earn more profit and hence applied for micro loan. She also wants to earn more profit to improve her standard of living. 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 Rs3000/-(USD66). 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. Hasin Babu Bibi standing first from the left at back row sells clothes door-to-door. She wants to expand her business and invest capital in her business and hence applied for micro loan. Her husband also helps her in this business. She also wants to save something for the future requirements. 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 = $834.12
Total Loan Amount = $1516.59

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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Anette
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Bill
Dennis
Geoff
Dr. J - magician
Sverre Skimmeland
Shubha & Bala
The Imran Family
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Anonymous
 
 
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