Girija Devi and 4 entrepreneurs, Ritudih
Loan requested $988.32
Loan issued $988.32
Funds raised $543.58
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Girija Devi and 4 entrepreneurs, Ritudih

Girija Devi is 30 years old and living with her husband. She has two daughters and one son in her family. Her children attend school. She runs a small general store with her husband. She wants to invest capital in her business and grow the size of her business as her customers are increasing with increasing in demand for quality products. In order to fulfill the growing demands from her customers she has applied for micro loan. She also wants expand her business to earn more profit as her shop is in the roadside and she can attract more customers. Girija Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Kanchan Devi is standing first from the right in the group photo. She is 19 years old and is married. She has a small flour mill which she runs with her husband. She wants to expand her business and keep more items and also some daily use products as her customers are increasing and are demanding daily use product. To do this she has applied for micro loan. She also wants to invest capital in her business in order to earn more profit as her family's expenses are also increasing day to day. She has two small sons. Her monthly income is Rs3000/-(USD66). She wants to save something for the future requirements to deal with emergencies. Kanchan Devi is taking loan for the second time from Ajiwika Society as she successfully repaid the first loan. She likes the monthly repayments system offered by Ajiwika. Lalmati Devi is standing in the middle of the group photo. She is 50 years old and a married woman. She is a peddler of readymade cloths. Her husband also helps her in this business. She wants to invest capital in her business and have some stock of readymade clothes as the prices are rising day by day. So in order to earn more profit and fulfill the demands of her customers she has applied for micro loan. She also wants to buy clothes directly from the wholesalers rather than purchasing from the retailers at a high rate of interest. She has three sons who attend school. Her monthly income is Rs2500/-(USD55). Gudia Devi is standing second from the left in the group photo. She is 22 years old and a married lady. She runs a small grocery shop with her husband. She wants to invest capital in her business and grow the size of her business as she is getting more and more customers everyday. Thus to fulfill the demands from her customers and earn more profit she has applied for micro loan. She has one son and one daughter in her family who attend school. Her monthly income is Rs2500/-(USD55). Nilam Devi is standing first from the left in the group photo. She is 22 years old and a married lady. She has two small sons and her monthly income is Rs2000/-(USD44). She runs a small saloon with her husband. She wants to expand her business and also wants to grow the size of her business as it is very small in size and can hold only four people at a time. She also needs to buy some equipment for this business and hence she has applied for a micro loan. 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 = $543.58
Total Loan Amount = $988.32

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

Sivupersoona
Andreas
Shubha & Bala
Geoff
Sverre Skimmeland
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Tuukka Verho
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Anssi
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Anonymous
 
 
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