Shanti Devi & 5 entrepreneurs, Jopri Colony
Loan issued $0.00
Funds issued $0.00


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About Shanti Devi & 5 entrepreneurs, Jopri Colony

Shanti Devi is 42 years old and married. She makes and sells shoe and gloves. Her husband also helps her in this business. She wants to expand her business and also hire a person to help her in this business and to do this she has applied for a micro loan. She has four members in her family including one daughter and one son. Her son also helps her in this business. Her monthly income is Rs3000/-(USD66). Shanti 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. Shanti Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Shobha Devi (Photo 2) is 32 years old and a married woman. She also makes and sells shoes and gloves with her husband. She is doing this work from last 4 years and now her customers are also increasing and so she wants to expand her business and has thus applied for a micro loan. She has three daughters and one son who go to school. Her monthly income is Rs3000/-(USD66). The loan will be a big help because they wish for personal progress and progress for their families. She also wants to save something for the future. Heeramani Devi is sitting first from the left at the back row in the group photo. She is 32 years old and married. She has a pig farm which she runs with her husband. Her customers are increasing day by day and due to lack of funds she is unable to serve her customers. So to serve her customers on time she has applied for a micro loan. She has three daughters and one son who go to school and her monthly income is Rs3000/-(USD66). Gita Devi is sitting first from the right at front row in the group photo. She is 32 years old and married. She collects scrap plastic, tins, newspaper etc with her husband from door to door and sell them in the market. Her husband works in a scrap yard. She wants to expand the size of her collection place as it is too small. She has therefore applied for a micro loan. Her monthly income is Rs3000/-(USD66). She has two sons and three daughters who go to school. Munni Devi is sitting in the middle of the front row in the group photo. She is 45 years old and a married woman. She runs a small car repairing garage with her husband. She wants to grow the size of her garage and also wants to buy some equipments and parts required in this business. She also wants to hire a person for helping her husband in this business as her customers are increasing. So to do all this she has applied for a micro loan. She also wants to keep some spare parts for selling them as her customers are demanding them when they come to repair their cars. She has two sons and one daughter who attend school. Her monthly income is Rs3000/-(USD66). Urmila Devi is sitting first from the left in the front row in the group photo. She is 32 years old and married. She has a small hair cutting saloon which she runs with her husband. She wants to get some furniture for her shop as her customers are increasing and due to less space they are going to other saloons. Therefore she has applied for micro loan. She has two daughters and three sons who attend school. She also wants to save something for the future to deal with the emergencies. 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 %
Progress Report
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Funders to this entrepreneur

Christy
Dr. J - magician
Judith
Supriya & Bala
Andreas
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Bill
Sverre Skimmeland
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friendsofindia
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Anonymous
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Alex
Sandyword
The Imran Family
Sivupersoona
Geoff
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Ms. M
Gautam Rege
Ashok
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Anonymous
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Doron and Cathy
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Anonymous
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Ramesh Rajan
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Trond-Atle Asphjell
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Anonymous
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Anonymous
Therese Arkenberg
Derrick
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lynde stubbs
Deb
 
 
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