Putul Devi & 4 entrepreneurs, Bhojpur Colony
Loan issued $0.00
Funds issued $0.00


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About Putul Devi & 4 entrepreneurs, Bhojpur Colony

Putul Devi is standing first from the left in the group photo. She is 37 years old and married woman. She is having furniture business which she does with her husband. She wants to expand her business. She is getting more customers and more orders from her customers and due to less capital she is unable to provide service to her customers. In order to serve her customers in a timely manner she has applied for a micro loan. She has two daughters and one son who attend school. Her monthly income is Rs2000/-(USD44). Putul Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Rashmi Devi is standing second from the left in the group photo. She is 35 years old and is a married woman. She is a peddler of bangles. Her husband also helps her in this business. She is doing this business from the last three years and now she wants to input capital in her business as her customers are increasing day by day. To do this she has applied for micro loan. Her husband is very hard working person he goes for peddling in the morning at 7 AM and returns home in the evening at 6 PM. She has one son and one daughter who attend school. Her monthly income is Rs2000/-(USD44). Malti Vala Devi is standing in the middle of the group photo. She is 39 years old and is a married woman. She does peddling of clothes with her husband. She wants to expand her business and she also wants to purchase clothes directly from the wholesaler as she is now purchasing the materials from the retailers by paying them a high rate of interest. In order to do this and earn more she has applied for micro loan. She has five members in her family including two daughters and one son who attend school. Her monthly income is Rs2000/-(USD44). Sindhu Kumari is standing second from the right in the group photo. She is 22 years old and a married lady. She is having a small medical shop which she runs with her husband. She wants to have some stocks of medicine in order to meet the needs of her customers. To do all this she has applied for a micro loan. She has one son who attends school. Her monthly income is Rs. 2000/-(USD44). Shanti Devi is standing first from the right in the group photo. She is 38 years old and a married woman. She is running a small beauty parlor. She wants to buy some equipment for this business and to do this she has applied for a micro loan. She also wants to hire one person to help her in this business. She has one son and one daughter. One of them goes to school while the other attends college. Her monthly income is Rs. 2000/-(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 %
Progress Report
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Funders to this entrepreneur

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Anette
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speedy
Dr. J - magician
Andreas
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Anonymous
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Anonymous
Sandyword
 
 
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