Bidyavanti Devi & 4 entrepreneurs, Ram Nagar
Loan requested $1055.71
Loan issued $1055.71
Funds raised $580.64
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Bidyavanti Devi & 4 entrepreneurs, Ram Nagar

Bidyavanti Devi is 37 years old and a married woman. She has a small dairy farm. She supplies milk in her locality and to the nearby market. She wants to expand her business as her customers are increasing with more demand of milk. In order to meet the growing demands from her customers and earn more profit she wants to purchase a cow and has hence applied for a micro loan. She has three sons who attend school. Her monthly income is Rs3000/-(USD66). Bidyavanti Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Kanti Devi (Photo 2) is sitting first from the right in the group photo. She is 43 years old and married woman. She does peddling of clothes with her husband. She wants to make some stocks of clothes. She also wants to buy the clothes from the wholesale market instead of buying from the retailers by paying them high rate of interest. In order to do this she has applied for micro loan. She has two sons and one daughter in her family. Her monthly income is Rs2000/-(USD44). Kanti 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. Rubi Devi is sitting in the middle of the group photo. She is 28 years old and a married lady. She runs a small grocery shop with her husband. She wants to invest capital in her business and grow the size of her business as her customers are also increasing day to day. In order to expand her grocery shop and earn more profit she has applied for micro loan. She has two sons and one daughter in her family and they attend school. Her monthly income is Rs3000/-(USD66). Munna Devi is sitting second from the left in the group photo. She is 35 years old and a married woman. She owns a dairy farm. She wants to invest capital in her farm and also wants to buy a cow. She has many customers to whom she could not give proper service. She supplies milk in her locality and to some hotels. As her customers are increasing and the demand of milk has also increased she could not serve them properly and thus applied for micro loan. She has four sons and two daughters. One of her son works on the basis of daily wages and rest of her children attend school. Her monthly income is Rs3000/-(USD66). Anita Devi is sitting first from the left in the group photo. She is 35 years old and married. She has tailoring business at her home. She wants to expand her business and also wants to buy a sewing machine as her customers are increasing day by day. In order to do this she has applied for micro loan. She has one son who attends school. Her monthly income is Rs 3000/-(USD66). Her husband works in a pharmacy. The loan will be a big help because they wish for personal progress and progress for their families. 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 = $580.64
Total Loan Amount = $1055.71

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
Dr. J - magician
Geoff
Sverre Skimmeland
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Anonymous
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Anonymous
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Anonymous
Birkel
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Amit Palrecha
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Anonymous
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SANJAY GUPTA
 
 
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