Bhichu Devi and 5 entrepreneurs, Nihal More
Loan requested $988.32
Loan issued $988.32
Funds raised $543.58
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Bhichu Devi and 5 entrepreneurs, Nihal More

Bhichu Devi is sitting first from the left at front row in the group photo. She runs a fast food center on a cart wheel. She is getting more and more customers day by day and hence she is thinking of converting her stall to a small hotel and thus she has applied for a micro loan. Her husband has earned a good name in her locality as a good cook. He is being called for preparing foods for festive occasions held there. She has two sons and one daughter who attend school. Her monthly income is Rs2500/-(USD55). Bhichu Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Subita Devi is sitting in the middle at the front row in the group photo. She is 29 years old and married. She is doing tailoring business at her home. She is doing this work since three years. She wants to expand her business as she has earned a good name by doing this work. She wants to buy a Pico machine for this business and has hence applied for micro loan. She has two daughters and one son in her family who go to school. Her daughter also helps her in this business. Her monthly income is Rs2000/-(USD44). Savitri Devi is sitting first from the right at front row in the group photo. She is 26 years old and a married lady who lives with her husband, two daughters and one son in her family. Her children are going to school. She has tailoring business which she runs from her home. She wants to grow the size of her business as she is getting more and more customers day by day. She wants to invest capital in her business and expand her business and has hence applied for a micro loan. Her monthly income is Rs2000/-(USD44). Sangeeta Devi is sitting first from the left at back row in the group photo. She is 23 years old and married. She also has a tailoring business which she runs from her home from ten years. She wants to invest capital in her business as she wants to expand her business as her customers are also increasing due to her good work and nice finishing. She wants to buy another sewing machine and hire a person to help her in this work. To do all this she has applied for a micro loan. She has two sons who attend school. Her monthly income is Rs2000/-(USD44). Sarita Devi is sitting in the middle at back row in the group photo. She is 25 years old and a married lady. She is a peddler of bangles. She wants to invest capital in her business as she is getting more customers and has hence applied for a micro loan. Her husband is a driver. He is in this business for last six years. She has three sons who attend school. Her monthly income is Rs2000/-(USD44). The loan will be a big help because they wish for personal progress and progress for their families. Urmilla Devi is sitting first from the right at back row in the group photo. She is 35 years old and married. She runs a small poultry farm with her husband. She wants to buy more chicks and eggs and wants to expand her business as her customers are increasing day by day. To invest capital in her business she has applied for micro loan. She has four members in her family including two daughters who are going to a nearby school. 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 = $543.58
Total Loan Amount = $988.32

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

Dr. J - magician
Andreas
Geoff
Sverre Skimmeland
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Anssi
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Anonymous
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Anonymous
Anonymous
Harsh
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Anonymous
Deb
Birkel
KerryR
WelshHelen
 
 
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