Anju Devi & 5 entrepreneurs, Kushwaha Nagar
Loan requested $1347.71
Loan issued $1347.71
Funds raised $741.24
Funds released $0.00
Sector Services
Repayment term in months 18.0


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About Anju Devi & 5 entrepreneurs, Kushwaha Nagar

Anju Devi is 29 years old and a married lady. She runs a small tailoring business. She has many customers as she has earned a good name in her locality. She wants to buy a Pico machine for this purpose and also wants to invest some capital in her shop and to do all this she has applied for micro loan. She also wants to decorate her shop. She has one son and one daughter who attend a nearby school. Her monthly income is Rs2000/-(USD44). Anju 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. Anju Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Rina Das is sitting in the middle at the front row of the group photo. She is 22 years old and a married lady living with her husband and two small sons. Her husband repairs computers. Her husband does this work from her home so she could not attract more customers so she wants to open a small shop near the market area. She wants to invest capital in this business and expand her business. She also wants to buy some equipment for this business and hence applied for micro loan. Her monthly income is Rs 2500/-(USD55). Rina 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. Rita Devi is sitting first from the right at front row in the group photo. She is 23 years old and a married lady. She runs a small poultry farm with a few hens. She wants to invest capital in her business and grow the size of her business as her customers are increasing day to day with more demands. In order to fulfill the growing demand from her customers and earn more profit she has applied for a micro loan. She has one daughter who attends school. Her monthly income is Rs2000/-(USD44). Rita 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. Yasoda Devi is sitting first from the right at back row in the group photo. She is 26 years old and a married lady living with her husband. She has two sons. She also runs a small poultry farm with her husband. She wants to invest capital in her business as her customers are increasing with increase in demand for chicken. She wants to give satisfy her customers by serving them and hence she has applied for micro loan. She will also earn more profit by this way. She has two sons who attend school and her monthly income is Rs2000/-(USD44). Sila Devi is sitting in the middle at the back row of the group photo. She is 22 years old and a married lady. She has a small poultry which she runs with her husband. She wants to capitalize her business and expand her business as her customers are increasing day to day. She wants to earn more profit by serving more customers and hence has applied for micro loan. She wants to earn more profit as her family expenses are also increasing day by day. She has one son and one daughter. Both of them are very small. She also wants to save something for them. Her monthly income is Rs2000/-(USD44). Nirmala Devi is sitting first from the left at back row in the group photo. She is 23 years old and a married lady living with her husband with one small daughter in her family. She has a tailoring business at her home. She has many customers to whom she could not serve adequately. She wants to expand her business and also wants to buy a Pico machine for this purpose as many of her customers are asking her for doing Pico but as she did not have the machine her customers are going to other places. She wants to serve all these customers and thus applied for micro loan. The loan will be a big help because they wish for personal progress and progress for their families. 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 = $741.24
Total Loan Amount = $1347.71

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
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Anonymous
Sverre Skimmeland
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Anssi
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Anonymous
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Anonymous
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Anonymous
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Amit Palrecha
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Ms. M
The Imran Family
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Ajay Deshpande
Trevor Rotzien
chiradeep
Judith
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Anonymous
 
 
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