Putula Devi and 4 entrepreneurs, Alkush
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 Putula Devi and 4 entrepreneurs, Alkush

Putula Devi is 31 years old and married. She provides rickshaw service with her husband. Now he is pulling rickshaw in rent and he has to pay Rs 20 per day for this purpose to the owner of the rickshaw. She wants to purchase her own rickshaw and provide service and by this she could also save something for the future requirements. In order to do this she has applied for micro loan. She has one son and one daughter who attend school. Her monthly income is Rs2000/-(USD44). Putula Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Sabu Devi is sitting second from the right in the group photo. She is 37 years old and married. She is also providing rickshaw service with her husband. She also wants to buy her own rickshaw to provide service to her customers as now she is using the rickshaw in rent. She wants to earn more profit by this and improve her standard of living and has hence applied for micro loan. She has one son and one daughter who attend school. Her monthly income is Rs, 2000/-(USD44). Dulali Devi is sitting in the middle of the group photo is 32 years old and married woman. She is also providing rickshaw service with her husband. She is also doing this business on the basis of rent. She has to pay Rs 20 per day as rent to the owner of rickshaw. She wants to purchase her own rickshaw and hence applied for micro loan. She has one daughter who attends school. Her monthly income is Rs2000/-(USD44). Prabha Devi is sitting second from the left in the group photo. She is 41 years old and married. She provides rickshaw service with her husband. She wants to buy her own rickshaw as her husband is pulling the rickshaw in rent by paying Rs 20 per day to the owner of the rickshaw. She wants to earn more profit and improve her standard of living and has hence applied for micro loan. She has five members in her family including two sons and one daughter who attend school. Her monthly income is Rs2000/-(USD44). Debki Devi is sitting first from the left in the group photo. She is 52 years old and married woman living with her husband and two sons who attend school. She runs a small shoe shop with her husband. She wants to invest capital in her business as her customers are demanding a variety of products and with a variety of models. In order to fulfill the growing demands from her customers and earn more profit she has applied for micro loan. she has two sons who attend school and 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 = $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
Andreas
Geoff
Sverre Skimmeland
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Anette
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Anonymous
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Anonymous
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Anonymous
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Anonymous
Grant
Birkel
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Oyvind Bjorndal
 
 
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