Nirmani Devi and 5 entrepreneurs, Bhavanipur
Loan requested $1617.25
Loan issued $1617.25
Funds raised $889.49
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Nirmani Devi and 5 entrepreneurs, Bhavanipur

Nirmani Devi is 32 years old and married. She has one son and one daughter who attend school. She runs a small betel shop with her husband. She wants to invest capital in her shop and expand her shop as her customers are increasing day by day. She wants to keep more products in her shop. To do this she has applied for micro loan. Her monthly income is Rs3000/-(USD66). Nirmani 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. Nirmani Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Rubi Devi is standing first from the left at back row in the group photo. She is 29 years old and a married lady. She runs a small betel shop with her husband. She wants to expand her shop and also wants to keep more products as she is finding that more customers are demanding for different daily use products. To fulfill the growing demand of her customers and also to earn more profit she has applied for micro loan. She has two sons who attend a nearby school. Her monthly income is Rs3000/-(USD66). Manjuda Devi is standing first from the right at back row in the group photo. She is 26 years old and a married lady. She also runs a very small betel shop. She wants to capitalize her shop as her shop contains only few items that are not enough to satisfy her customers. She needs to invest capital in her shop and also decorate her shop a bit for attracting and serving more customers. To do this she has applied for micro loan. Her monthly income is Rs2500/-(USD55). She has two sons who attend school. Sunita Devi is standing first from the right at front row in the group photo. She is 27 years old and married. She has two sons who attend school. She collects and buys all the old recyclable plastic, tins, newspapers etc with her husband from door to door and sells them in the market. Her husband works in a scrap yard. She wants to expand the size of her collection place as it is too small to keep lots of things in till it is time to resell it and thus she has applied for micro loan. Her monthly income is Rs2000/-(USD44). Pemitya Devi is standing in the middle at front row of the group photo. She is 29 years old and married. She is a peddler of vegetables. She wants to expand her business and also wants to keep more quantity of vegetables to sell and to earn more profit and hence applied for micro loan. Her husband also helps her in this business. She wants to save something for the future requirements and to deal with the emergencies. Her monthly income is Rs2500/-(USD55). The loan will be a big help because they wish for personal progress and progress for their families. Afta Devi is standing first from the left at front row in the group photo. She is 26 years old and a married lady. She has five members in her family including two sons and one daughter. Her daughter attends school. She runs a garage with her husband. She wants to grow the size of her garage and also wants to buy some equipments and parts required in this business. She also wants to hire a person for helping her husband in this business as her customers are increasing. So to do all this she has applied for micro loan. 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 = $889.49
Total Loan Amount = $1617.25

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

Sivupersoona
Andreas
Geoff
Sverre Skimmeland
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Anssi
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Anonymous
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Anonymous
Vitor
The Imran Family
Therese Arkenberg
Shubha & Bala
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Nani
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Ms. M
chiradeep
none
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Anonymous
 
 
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