Yamuna Devi and group, Yadhuvansh Nagar
Loan requested $1370.17
Loan issued $1370.17
Funds raised $753.59
Funds released $0.00
Sector Services
Repayment term in months 18.0


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About Yamuna Devi and group, Yadhuvansh Nagar

Yamuna Devi is 51 years old and a married working woman. She has a tailoring business at her home. She wants to buy another sewing machine as her customers are growing day by day. Her son helps her in this business. She used to stitch the new cloths and her son used to supply them in the market. In order to grow the size of her business and expand it she has applied for micro loan. She has three sons and two daughters. Her one son and one daughter attend school. Her monthly income is Rs2000/-(USD44). Yamuna Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Renu Verma (Photo 2) is sitting second from the right in the group photo. She is 33 old and a married women. She has small jewelry shop which she runs with her husband. She wants to invest capital in her business and decorate her shop in order to attract more customers. She also wants to expand her business to earn more profit. She has got some orders from her customers but due to money problem she could not fulfill the demand of her customers and has hence applied for micro loan. She has two daughters and one son who attend a nearby school. Her monthly income is Rs2500/-(USD55). Renu Verma is taking loan for the second time from Ajiwika Society as she successfully repaid the first loan. She also likes the monthly repayments system. Leela Devi is sitting in the middle of the group photo. She is 32 years old and a married woman. She has two sons and one daughter who are going to school. She provides auto service with her husband. She has applied for micro loan in order to repair her auto which is in a very bad condition. As this is the only way her family earns their income she wants to repair her auto as soon as possible. She also wants to save some thing for the future requirements to deal with the emergencies. Her monthly income is Rs1500/-(USD33). Her family needs are also increasing day to day. The loan will be a big help because they wish for personal progress and progress for their families. Geeta Devi is sitting second from the left in the group photo. She is 37 years old and a married woman. She runs a small watch shop. Her husband also helps her in this business. Her husband also repairs old watches in her shop. She wants to invest capital in her business and grow her business as her customers are demanding for branded watches. She also wants to have some stock of wrist watches and wall clocks. In order to all this she has applied for micro loan. She has one son who works on the basis of daily wages. Her monthly income is Rs2000/-(USD44). Geeta Devi is taking loan for the second time from Ajiwika Society as she successfully repaid the first loan. She also likes the monthly repayments system. Renu Devi is sitting first from the left in the group photo. She is 32 years old and married woman. She provides auto service with her husband. She wants to purchase a new auto and also wants to repair her old auto. So to do this she has applied for micro loan. Her husband is a very hard working person. He used to spend his whole day in search of passengers. She wants to buy a new auto and hire a person for it as her customers are increasing day to day. She has one son and one daughter who are going to a nearby school. Her monthly income is Rs2000/-(USD44). Renu Devi is taking loan for the second time from Ajiwika Society as she successfully repaid the first loan. She also likes the monthly repayments system. 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 = $753.59
Total Loan Amount = $1370.17

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
Geoff
Sverre Skimmeland
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Anonymous
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Anonymous
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SK
Vitor
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Amit Palrecha
Ninad
Shubha & Bala
Christy
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Ms. M
wadhwani
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vandana
Judith
none
Claire
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Anonymous
 
 
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