Sangeeta Devi & 4 entrepreneurs, Bihar colony
Loan requested $1684.64
Loan issued $1684.64
Funds raised $926.55
Funds released $0.00
Sector Services
Repayment term in months 18.0


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About Sangeeta Devi & 4 entrepreneurs, Bihar colony

Sangeeta Devi is 30 years old and a married woman doing tailoring work at her home from the last five 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 serve her customers adequately and on time she wants to buy another sewing machine and hire a person to help in this business and has hence applied for micro loan. She has two sons and two daughters in her family who go to school. Her monthly income is Rs3000/-(USD66). Sangeeta 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. Sangeeta Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Sona Devi (Photo 2) is standing second from the left in the group photo is 43 years old and provides auto service with her husband. She does this work for the last ten years. She wants to repair her auto as it is in very bad condition to ride. She wants to do full body work as well as engine work and to do this she has applied for a micro loan. She also wants to save something for the future to purchase another auto as her husband has good connections in this work. She has two sons and three daughters who go to school. Her monthly income is Rs3000/-(USD66). Shila Devi is standing first from the left in the group photo. She is 42 years old and a married lady and earns her livelihood by running a small betel shop with her husband. She is doing this business since ten years. She wants to invest capital in her business and grow the size of her business as her customers are also growing day to day with in increase in demand of various products and items that are being used in daily life. She wants to expand her shop for all these purposes and for fulfilling the demands made by her customers and has thus applied for a micro loan. She has two sons. One of her sons is working on the basis of daily wages and the other one attends school. Her monthly income is Rs3000/-(USD66). Radha Devi is standing in the middle of the group photo. She is 41 years old and a married woman. She has a small furniture shop which she runs with her husband from five years. Now she has earned a good name in the market and now she is getting more orders for making furniture. She wants to invest capital in her business and grow the size of her business and also wants to buy some materials needed for this business. She wants to serve her customers on time and to do all this she has applied for a micro loan. She has four sons and all of them work on the basis of daily wages. Her monthly income is Rs3000/-(USD66). Urmila Devi is standing second from the right in the group photo. She is 34 years old and a married woman living with her husband, one son and one daughter in her family. Her children attend school. She also has a small furniture shop which she runs with her husband from the last five years. She wants to capitalize her business and wants to have some stock of items and wood for the future requirements. She also wants to purchase some equipment required in this business and has hence applied for micro loan. She wants to earn more profit to fulfill the growing demands of her family as her family expenses are also increasing day by day. 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 = $926.55
Total Loan Amount = $1684.64

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

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Anette
Andreas
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Anonymous
Sverre Skimmeland
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Anonymous
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Anonymous
Vitor
Prakash
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Amit Palrecha
Geoff
The Imran Family
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Ms. M
chiradeep
Judith
Birkel
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Anonymous
 
 
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