Indravati Devi and 4 entrepreneurs,Tara Nagar
Loan requested $1033.24
Loan issued $1033.24
Funds raised $568.28
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Indravati Devi and 4 entrepreneurs,Tara Nagar

Indravati Devi is 31 years old and a married woman. She runs a small fast food shop with her husband. She wants to expand it to a small hotel as she is getting more customers. In order to do this she has applied for micro loan. She has three daughters and one son who attend school. Her monthly income is Rs3000/-(USD66). 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. Indravati Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Kamli Devi is standing second from the right in the group photo. She is 37 years old and married. She has two sons and two daughters who are going to school. Her husband is a peddler of cloths. She wants to expand her business and also wants to keep some stock as the price of cloth is rising day by day. In order to do this she has applied for micro loan. Her monthly income is Rs3000/-(USD66). 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. Urmilla Devi is standing first from the right in the group photo. She is 36 years old and married. She runs a flour mill with her husband. She wants to invest capital in her business and expand it as she is getting more customers, she also wants to repair her shop as it is damaged around the corners. To do all this she has applied for micro loan. She has one son and two daughters who attend school. Her monthly income is Rs2500/-(USD55). Anita Devi is standing second from the left in the group photo. She is 37 years old and married. She has two sons who attend a nearby school. She is a peddler of cloths. Her husband also helps her in this business. She wants to expand her business as her customers are increasing day by day. In order to meet the growing demands from her customers and earn more profit she has applied for micro loan. Her monthly income is Rs2500/-(USD55). The loan will be a big help because they wish for personal progress and progress for their families. Usha Devi is standing first from the left in the group photo. She is 32 years old and married. She has three daughters and two sons who attend school. She runs an electronics shop with her husband. She wants to invest capital in her business as her customers are growing day to day and demanding quality and branded products. In order to fulfill the growing demands of her customers and to earn more profit she has applied for micro loan. She also wants to expand her business for this purpose. Her monthly income is Rs2000/-(USD44). 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 = $568.28
Total Loan Amount = $1033.24

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
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
Grant
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Oyvind Bjorndal
Geoff
karishma
Gro
RajMelville
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Anonymous
Sandyword
 
 
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