Banki Devi & 4 entrepreneurs, Muslim Mohalla
Loan requested $1347.71
Loan issued $1347.71
Funds raised $741.24
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Banki Devi & 4 entrepreneurs, Muslim Mohalla

Banki Devi is 44 years old and a married woman. She has a pig farm which she runs with her husband. She wants to expand her business and invest capital in her business as her business is running well. In order to grow her business and earn more profit she has applied for micro loan. She has two daughters and one son who are attending school. Her monthly income is Rs3000/-(USD66). Banki 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. Banki Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Aarti Devi (Photo 2) is sitting in the middle of the group photo. She is 47 years old and a married woman. She has three sons who are working on the basis of daily wages at a construction site. She runs a van service with her husband. She wants to repair the van and also purchase another van as she is having more customers for hiring her van due to her good reputation and behavior. To do this she has applied for micro loan. Her monthly income is Rs3000/-(USD66). Afsari Khatun is sitting first from the right in the group photo. She is 32 years old and a married lady. She runs her own bag shop. She makes new bags and sells them and also repairs old bags in her shop. She wants to buy a tailoring machine and also wants to invest capital in order to buy good quality bags for her customers. To do this she has applied for micro loan. Her husband also helps her in this business. She has a big family including five daughters and one son who are attending a nearby school. Her monthly income is Rs3000/-(USD66). Fuchu Devi is sitting second from the left in the group photo. She is 34 years old and married. She has three sons. One of her son works on the basis of daily wages and the other two attend school. Her monthly income is Rs3000/-(USD66). She has small garage which her husband runs. She wants to expand her garage and also wants to buy some equipment for this business. She also wants to keep some motor parts for selling as her customer ask for the parts when they come for their repairing their vehicles. In order to fulfill the demands of her customers and earn more profit she has applied for micro loan. Bhadu Devi is sitting first from the left in the group photo. She is 47 years old and married woman. She has fast food business which she runs with her husband. She wants to expand her business and wants to make it as a small hotel where she can provide service to more customers. Her customers are also increasing day to day and she could not provide proper service to them because of small space. Thus she has applied for micro loan. She has two sons and two daughters. One of her son works on the basis of daily wages and the other one pulls van rickshaw. 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 = $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
Supriya & Bala
Sverre Skimmeland
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Anonymous
Grant
Birkel
Gro
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c10
KerryR
christa deacove mcculloch
Christy
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Anonymous
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Ajay Deshpande
Sandyword
 
 
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