Mina Devi & 5 entrepreneurs, Prabhat Colony
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Funds issued $0.00


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About Mina Devi & 5 entrepreneurs, Prabhat Colony

Mina Devi runs a grocery shop with her husband. She is 48 years old and a married woman. She has earned a good name in her locality for quality products and good service and thus her customers are increasing day by day with growing demands of products and due to this she has applied for micro loan. She has four sons. Two of her son also helps her in this business and one of her sons is a driver. Her monthly income is Rs. 3000/-(USD66). Mina Devi is taking a second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Mina Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Aloka Devi is sitting in the middle at the front row in the group photo. She is 39 years old and married. She has vegetable business which she does with her husband. She wants to expand her business as her customers are increasing day by day and thus she has applied for a micro loan. She has five members in her family including two sons and one daughter who attend school. Her monthly income is Rs. 3000/-(USD66). Aloka Devi is taking the second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Rita Devi is sitting first from the right at the front row in the group photo. She is 40 years old and married. She owns a beauty parlor. She wants to expand her business and wants to buy some equipment and cosmetics items for this business and to do this she has applied for a micro loan. She has two sons and two daughters. Her son works in grocery shop. She also wants to save something for the future requirements to deal with the emergencies. Her monthly income is Rs. 3000/-(USD66). Rita Devi is taking the second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully Gauri Devi is having a vegetable business which she does with her husband. She is 32 years old and married. She wants to invest in her business as her customers are increasing day to day. In order to meet the growing demands from her customers and provide service to them she has applied for a micro loan. She has five members in her family including two sons and one daughter. Her monthly income is Rs. 3000/-(USD66). She is sitting first from the right at the back row of the group photo. She is taking the second loan from Ajiwika as she likes the monthly repayment pattern. The first loan helped her to develop her business. Koni Devi is 34 years old and a married woman and is sitting in the middle of the back row of the group photo. She provides cart wheel van service with her husband. She is doing this business from the last five years and has earned a good name in her locality. She wants to purchase her own cart wheel van as she is doing this job by hiring other's van. She also wants to buy her own van to earn more as she has to pay rent for the van to the owner of the van. To do this she has applied for micro loan. She has two sons and two daughters. She also wants to save something for her children's future. Her monthly income is Rs 2000/-(USD44). Sobha Devi is having a tailoring business which she does from her house. She is 34 years old and married. She wants to expand her business and also wants to buy one tailoring machine as her customers are increasing day to day. She has many customers to whom she is unable to provide proper service. Because of this she has to face difficulties and thus to solve this problem she has applied for a micro loan. She also wants to improve her standard of living by earning more. She has two sons who are attend to school and her monthly income is Rs. 3000/-(USD66). She is sitting first from the left at the back row in the group photo. Sobha Devi is taking the 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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