Gol Bibi and 4 entrepreneurs, Sewangdih
Loan requested $898.47
Loan issued $898.47
Funds raised $494.16
Funds released $0.00
Sector Services
Repayment term in months 18.0


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About Gol Bibi and 4 entrepreneurs, Sewangdih

Gol Bibi has a tailoring business which she runs at her home. She wants to buy another sewing machine and also wants to repair her old machine because it is not working properly and as a result she is unable to serve her customers on time. To solve the problem and serve her customers on time she has applied for a microloan. She is 34 years old and a married woman. She has one daughter and one son who attend school. Her monthly income is Rs. 2000/-(USD44). Gol Bibi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Amina Bibi is sitting first from the left in the group photo. She is 24 years old and a married. She provides auto rickshaw service with her husband. She wants to repair her auto as her auto is in a very bad condition. She also wants to save something for the future to buy another auto and has hence applied for micro loan. She has one son and one daughter who go to school. Her monthly income is Rs. 2500/-(USD55). The loan will be a big help because they wish for personal progress and progress for their families. Afsana Khatun is sitting in the middle of the group photo. She is 21 years old and a married lady living with her husband and two daughters in her family. Her daughters attend school. She provides auto service with her husband. She wants to repair her auto which her husband drives as it is in a very bad condition. In order to do this she has applied for micro loan. She also wants to save something for the future for her daughters. Her monthly income is Rs 2500/-(USD55). Rasida Khatun is sitting second from the right in the group photo. She is 29 years old and a married lady. She has tailoring business at her home. She has many customers whom she cannot serve adequately. She wants to buy another sewing machine and also wants to hire a person to help her in this business and thus she has applied for micro loan. Her husband also helps her in this business. She has two sons and one daughter who attend school. Her monthly income is Rs2000/-(USD44). Mahidan Bibi is sitting first from the right in the group photo. She is 45 years old and a married woman. She is a peddler of bangles. Her husband also helps her in this business. She wants to invest capital in her business and grow the size of her business as she is getting more customers everyday. In order to fulfill the growing demands from her customers and earn more profit she has applied for micro loan. She has three sons. Two of her sons work on the basis of daily wages at construction sites and the other is a teacher who teaches small children in his locality. Her monthly income is 2500/-(USD55). 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 = $494.16
Total Loan Amount = $898.47

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

Dr. J - magician
Sivupersoona
Andreas
Trevor Rotzien
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Anonymous
Geoff
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Leo
Sverre Skimmeland
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Anonymous
 
 
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