Lakshmi Devi & 5 entrepreneurs, Jopri Colony
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Funds issued $0.00


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About Lakshmi Devi & 5 entrepreneurs, Jopri Colony

Lakshmi Devi is 28 years old and married. She provides auto service with her husband. She wants to repair her auto which is in a very bad condition to be driven. She also aspires to eventually purchaseg a new auto as her customers are increasing. She is the mother of two sons and one daughter who attend school. Her monthly income is Rs3000/-(USD66). Lakshmi Devi is taking a second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Lakshmi Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Leela Devi is sitting in the middle of the front row in the group photo. She is 41 years old and married and living with her husband. She is also the mother of two boys who attend school. She is having tent business which she does with her husband. In order to expand it and buy some cloth, tables and other equipment for this business she has applied for micro loan. She is getting many orders from her customers for her good work and good reputation. She also wants to save something for the future in order to deal with the emergencies. Her monthly income is Rs3000/-(USD66). Leela Devi is taking her second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Kiran Devi is sitting first from the right at the front row in the group photo. She is 26 years old and a married lady. She does peddling of clothes with her husband. She wants to expand her business and wants to buy clothes directly from the wholesalers rather than purchasing from the retailers at a high rate of interest. She wants to invest capital in her business and earn more profit and has thus applied for micro loan. She has five members in her family including two daughters and one son who go to school. Her monthly income is Rs. 3000/-(USD66). Kiran Devi is taking a second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Neelam Devi is sitting first from the right on the front row in the group photo. She is 23 years old and married. She provides auto service with her husband. She needs to repair her auto as it is in a very poor condition. Due to her financial problems she has been unable to repair it. In order to do repair her auto she has applied for a micro loan. She is the mother of two sons and one daughter who go to school. Her monthly income is Rs3000/-(USD66). Neelam Devi is taking her second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Savita Devi is sitting in the middle of the back row in the group photo. She is 36 years old and a married woman living with her husband, three sons and two daughters. Her children go to school. She is a peddler of clothes. Her husband helps her in this business. She wants to invest capital in her business as the price of goods is rising day by day. She also wants to have some stock for selling it in the future and in order to do this all she has applied for a micro loan. She also wants to have some saving for the future requirements to deal with the emergencies. Her monthly income is Rs 2000/-(USD44). Sumitra Devi is sitting first from the left at the back row in the group photo. She is 24 years old and married. She provides auto service with her husband. She wants to repair her auto rickshaw as it is damaged and not in a good condition for carrying passengers and hence she has applied for micro loan. Her husband is a very hard working person. She has one son and one daughter who go to school. Her monthly income is Rs3000/-(USD66). Sumitra Devi is taking a second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. 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 %
Progress Report
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Funders to this entrepreneur

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Nitin Jain
Dr. J - magician
Andreas
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Bill
Grant
Sverre Skimmeland
Vitor
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Anonymous
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Alex
Sandyword
The Imran Family
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Leonard
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SK
Sivupersoona
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Anonymous
Anita Roy
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Somu Sundaram
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Anonymous
Anonymous
 
 
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