Kalyani Devi & 4 entrepreneurs,Prabhat Colony
Loan issued $0.00
Funds issued $0.00


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About Kalyani Devi & 4 entrepreneurs,Prabhat Colony

Kalyani Devi runs a small grocery shop with her husband from three years. She is 26 years old and a married lady. She wants to invest in her business as she is getting more and more customers everyday who want various kinds of daily use products. In order to expand her business to serve her customers properly she has applied for a micro loan. She has two sons who attend school. Her monthly income is Rs 3000/-(USD66). Kalyani Devi is taking the second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Kalyani Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Anita Devi (Photo 2) is sitting first from the right in the group photo. She is 42 years old and married woman. She has tailoring business which she does from her home. She wants to purchase a Pico machine for this purpose as she is getting more customers for Pico and she is not able to serve them as she do not have Pico machine. Thus to buy Pico machine and earn more she has applied for a micro loan. She has three daughters who are going to school and her monthly income is Rs. 2500/-(USD55). Geeta Devi is sitting in the middle of the group photo. She is 37 years old a married woman living with her husband and two sons. One of her son works on the basis of daily wages and the other one goes to school. She is a peddler of kitchen utensils. She does this with her husband. She wants to expand her business and invest in her business to earn more and has thus applied for a micro loan. She also wants to save something for the future requirements. Her monthly income is Rs. 3000/-(USD66). Geeta Devi is taking the second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Emravati Devi is sitting second from the left in the group photo. She is 42 years old and married. She provides auto service with her husband. She is in this profession from last five years. She wants to repair her auto as it is in very bad condition. In order to do this she has applied for a micro loan. She also wants to improve her standard of living. She has three sons and one daughter. One of her son is teaching in a private school, another one is going to school and the third one is too small to go to school. Her monthly income is Rs. 3000/-(USD66) Emravati Devi is taking a second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Leelawati Devi is sitting second from the right in the group photo. She is 37 years old and married. She does construction work with her husband. She is doing this business from the last five years. She wants to buy some equipment for this business and wants to expand her business and has hence applied for a micro loan. She has five members in her family including three sons who attend to school. Her monthly income is Rs. 3000/-(USD66). Leelawati 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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