Rita Devi and 4 entrepreneurs, Dundibagh
Loan requested $1684.64
Loan issued $1684.64
Funds raised $926.55
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Rita Devi and 4 entrepreneurs, Dundibagh

Rita Devi runs a small grocery shop with her husband. She is 35 years old and is a married woman. She wants to invest capital in her business and keep more products in her shop. As her customers are increasing and asking for different products. In order to face the growing demands from her customers and serve them adequately she has applied for micro loan She also wants to expand her business and hence applied for micro loan. She has two sons and two daughters who attend school. Her monthly income is Rs3000/-(USD66). Rita Devi and all the members in this group are on the second cycle loan from Ajiwika Society. They have successfully repaid the first cycle loan. Rita Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Usha Devi (Photo 2) is 33 years old and a married woman. She has fruits business which she runs with her husband. She used to sell seasonal fruits in cart wheel. She wants to expand her business and hence applied for micro loan. She has five members in her family including two sons and one daughter who attends school. Her monthly income is Rs. 2000/-(USD44). Gudia Devi is sitting second from the right in the group photo. She is 22 years old and a married lady. She has two sons, one of them goes to school and the other one is small. Her monthly income is Rs3000/-(USD66). She has a small shop of religious worship (puja) materials. She wants to invest capital in her business and increase more products in her business as her customers are increasing and hence she has applied for micro loan. She also wants to make some stocks of items in her shop. Kiran Devi is sitting in the middle of the group photo. She is 23 years old and a married lady. She also has a religious worship (puja) materials shop which she runs with her husband. She wants to expand her business and add more products in her shop as her customers are asking for them and as a result she has applied for micro loan. She has two small sons. She also wants to save something for her sons’ education. Her monthly income is Rs3000/-(USD66). Sila Devi is sitting first form the left in the group photo. She is 38 years old and a married woman. She has potato and onion business which she does with her husband. She wants to stock these items for the future and hence applied for micro loan. She also wants to repair her shop. She has four sons and two daughters 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 = $926.55
Total Loan Amount = $1684.64

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

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Anette
Sivupersoona
Andreas
Shubha & Bala
Geoff
Sverre Skimmeland
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Anonymous
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Anonymous
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Anonymous
Vitor
The Imran Family
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Anonymous
P2P-Banking.com
John
Roland
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Nani
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Anonymous
Gro
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Sarah
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Anonymous
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Anonymous
Sandyword
 
 
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