Geeta Devi & 4 entrepreneurs, Balidih
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Funds issued $0.00


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About Geeta Devi & 4 entrepreneurs, Balidih

Geeta Devi is 26 years old and a married lady. She runs a grocery shop from her house. She wants to invest in her business as her customers are growing day by day with increase in demands for daily use products and other general items. As she wants to expand her business and invest capital in her business she has applied for a micro loan. She has two sons who go to school. She wants to give her children higher education. Her husband also helps her in this business. Her monthly income is Rs3000/-(USD66). Geeta Devi is taking the second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Geeta Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Dulari Devi is 34 years old and married. She raises goats with her husband. She wants to expand her business as her customers are increasing. She has five members in her family including one son and two daughters who go to school. Her monthly income is Rs.2000/-(USD44). She is standing second from the left in the group photo. Maheshwari Devi is standing in the middle of the group photo. She is 37 years old and married. She owns a dairy farm which she runs with the help of her husband. She wants to purchase some cows as the demand for milk is increasing and to do so she has applied for a micro loan. She supplies milk in her locality and also to some nearby hotels. She wants to expand her business to earn more. She has two sons and one daughter in her family. Her monthly income is Rs 2000/-(USD44). Sudhir Devi is standing second from the right in the group photo. She is 39 years old and married. She runs her own dairy farm. She wants to purchase some cows for her dairy farm as her customers are growing and there is more demand for milk and therefore she has applied for a micro loan. She is mother of one daughter and two sons who go to school. She wants to give her children a better future. Her husband also helps her in this business. Her monthly income is Rs2000/-(USD44). Urmilla Devi is standing first from the right in the group photo. She is 36 years old and married living with her husband, two daughters and one son who go to school. She owns a small dairy farm which she runs with her husband. She supplies milk in her locality and to the nearby market. She wants to expand her business as her customers are increasing with more demand of milk. In order to meet the growing demands from her customers and earn more she wants to purchase a cow and hence applied for micro loan. 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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David
Judith
Andreas
Sverre Skimmeland
Laurie
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Stefan
Canada & Israel
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Colette
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Anonymous
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Alex
John
WelshHelen
Bala Kolluru & Gayathri Ganti
Sandyword
 
 
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