Sushila Devi and 5 entrepreneurs, Bihar Colon
Loan requested $2021.56
Loan issued $2021.56
Funds raised $1111.86
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Sushila Devi and 5 entrepreneurs, Bihar Colon

Sushila Devi is 46 years old and a married woman. She runs a small grocery shop with her husband from the last five years. She wants to invest capital in her business as her customers are growing day by day with increase in demands for more products. In order to satisfy her customers and also to earn more profit she has applied for a micro loan. She has three sons. One of her sons helps her in this business, one is TV mechanic and the other one work on the basis of daily wages. Her monthly income is Rs3000/-(USD66). Sushila 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. Sushila Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Rita Devi (Photo 2) is sitting first from the right at back row in the group photo. She is 37 years old and a married woman. She provides auto service with her husband. She is in this profession for the last ten years. She wants to repair her auto and also wants to buy another auto as her business is doing well and has thus applied for a micro loan. She also wants save something for the future requirements to deal with the emergencies. She has one daughter who attends school and her monthly income is Rs3000/-(USD66). Renu Sharma is sitting first from the left at front row in the group photo. She is 35 years old and a married woman having tailoring business at her home. She does this work for the last ten years. Now she has many customers as she earned a good name in her locality. Her customers are increasing day to day and hence she wants to expand her business also thus she has applied for micro loan. She has two sons and two daughters who go to school. Her monthly income is Rs3000/-(USD66). Kamla Devi is sitting first from the right at front row in the group photo. She is 47 years old and doing furniture works with her husband since the last five years. She wants to expand her business as she is getting more customers day by day. In order to fulfill the demands made by her customers and serve them by making the item demanded on time she has applied for micro loan. She also wants to grow the size of her business in order to earn more profit. She has three sons, amongst them two of her sons helps her in this business and one attends a nearby school. Her monthly income is Rs3000/-(USD66). Asha Devi is sitting in the middle at back row in the group photo. She is 36 years old and has a vegetable business. She is doing this business with her husband from the last ten years. She wants to invest capital in her business and grow the size of her business as she is facing more customers day by day. In order to earn more profit by fulfilling the growing demands from her customers she has applied for a micro loan. She wants to save something for the future requirements to deal with the emergencies. She also wants to improve her standard of living. She has two sons who attend school and her monthly income is Rs3000/-(USD66). Munni Devi is sitting first from the left at back row in the group photo is 29 years old and is a peddler of clothes. Her husband also helps her in this business. She is doing this business from the last five years. She wants to expand her business by capitalizing it. She also wants to purchase all her materials directly from the wholesaler by paying them a low rate of interest instead of purchasing them from the local market by paying a high rate of interest. To do all this she has applied for micro loan. She has two daughters and one son who attend school. 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 = $1111.86
Total Loan Amount = $2021.56

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
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Anonymous
Sverre Skimmeland
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Anonymous
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Anonymous
Vitor
Geoff
The Imran Family
Shubha & Bala
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Ms. M
wadhwani
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Anonymous
 
 
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