Sharma Devi and 4 entrepreneurs, Jeetjori
Loan requested $869.94
Loan issued $869.94
Funds raised $478.47
Funds released $0.00
Sector Others
Repayment term in months 18.0


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About Sharma Devi and 4 entrepreneurs, Jeetjori

Sharma Devi has a small restaurant, which she runs with her husband. She wants to modernize her restaurant, so she has applied for a micro-loan. She has four family members, including one son, and her monthly income is Rs.2,500(USD 55). She is the group leader, and she organizes monthly meetings and ensures all repayments are made on time. Badiya Devi (photo 2) sells utensils at her customers' door-steps. She wants to set up a permanent store at a marketplace, so she has applied for a micro-loan. She has five family members, including one son and one daughter who attend a nearby school. Her monthly income is Rs.2,000(USD 44). She is sitting first from the left in the group photo. Anjani Devi, sitting second from the left, has a small cloth store in her home, where she is unable to get many customers. As a result, she wants to move her shop to a marketplace, and she has applied for a micro-loan. She has six family members, including one son, and her monthly income is Rs.2,000(USD 44). Sharma Devi is sitting next to her. Anita Devi, sitting first from the right, also has a cloth store. She wants to expand her store to help her meet the various needs of her customers, so she has applied for a micro-loan. She has six family members, including two sons who are also associated with this business. Her monthly income is Rs.2,500(USD 55). Badiya Devi, sitting second from the right, sells utensils in her home. She wants to shift it to a market place where she can get many customers. So, she has applied for a micro loan. She has five family members including one son and one daughter. Her son helps her in this business and her monthly income is Rs.2, 500(USD 55). Dhaneshwari Devi, sitting third from the right, has a small restaurant, which she runs with her husband. She wants to expand it because the number of customers is increasing, so she has applied for a micro-loan. She has five family members, including one son and one daughter who attend a nearby school. Her monthly income is Rs.3,000(USD 66). These entrepreneurs are very dedicated and want to do well not only for themselves but also for their families. They understand the concept of a Joint Liability Group; if any member of the group is unable to repay their micro-loan, the other members will pay on the behalf of the member whose loan is delinquent. The entrepreneurs in the group support each other through joint liability.


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 %
Repayment overview

Total Funded Amount = $478.47
Total Loan Amount = $869.94

Repayment Overview chart

Note: This chart indicates the repayment by entrepreneurs on the principal amount. The actual repayment amounts include the interest on the loan and will be different.
Progress Report
  Date: Dec 15, 2009

Sharma Devi and group have received a loan of Rs.8000/- each. After taking loan she has expanded her restaurant and purchased more materials. Her customers have increased. Her income has increased from Rs. 2500/- to Rs. 3500/- per month. This has helped her to get her house repaired.

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Funders to this entrepreneur

Tom
Roland
Andreas
Grant
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Sunil Agrawal
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Anette
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Anonymous
Bala Kolluru & Gayathri Ganti
Jacob Stern
Dr. J - magician
Kris
Sverre Skimmeland
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Anonymous
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Anonymous
Gro
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David
Anita Roy
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Anonymous
 
 
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