Sandya Devi & 4 entrepreneurs, Navagarh Basti
Loan issued $0.00
Funds issued $0.00


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About Sandya Devi & 4 entrepreneurs, Navagarh Basti

Sandya Devi is 52 years old and married woman. She is running a small general store with her husband. She wants to expand her business as her customers are growing day by day with different needs of daily use products. In order to fulfill the demands from her customers and earn more she has applied for a micro loan. She has two sons who attend school and her monthly income is Rs2000/-(USD44). Suchitra Devi (Photo 2) is sitting first from the right in the group photo. She is 35 years old and married. She runs a grocery shop and wheat mill with her husband. She wants to invest in her shop as her customers are increasing and she also wants to repair her wheat mill machine and hence to do this she has applied for a micro loan. She has two sons and four daughters who go to school. She also wants to save something for the future requirements and to deal with the emergencies. Her monthly income is Rs2000/-(USD44). Padda Devi is sitting second from the right in the group photo. She is 32 years old and married. She does fish farming with her husband. She supplies fish to the market and also sells them in her locality. Her customers are increasing day to day. In order to fulfill the growing demands from her customers and earn more and also serve her customers properly and on time she has applied for a micro loan. She has two sons and one daughter who go to school. Her monthly income is Rs 2000/-(USD44). Tinku Devi is sitting in the middle of the group photo. She is 34 years old and married. She runs a small hotel with her husband. She wants to expand her business and wants to grow the size of her business as her hotel is very small. Her customers are increasing and it is difficult for her to serve them properly in the small place and with few materials. In order to serve her customers and expand her hotel she has applied for a micro loan. She has two sons and two daughters who go to school. Her monthly income is Rs. 2000/-(USD44). Bhadubala Devi is sitting second from the left in the group photo. She is 45 years old and a widow. She is a fish seller. Her son also helps her in this business. She wants to expand her business as she is getting more and more customers day by day. She is doing this business from the last five years and now she wants to invest in it as her customers are increasing and to do all this she has applied for micro loan. She has two sons and one daughter. She also wants to save something for the future requirements to deal with the emergencies. The loan will be a big help because they wish for personal progress and progress for their families. Her monthly income is Rs2000/-(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

Sverre Skimmeland
Judith
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lynde stubbs
Geoff
John
Andreas
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David
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Anonymous
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Anonymous
FairSpirit
WelshHelen
Paul
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Anonymous
Praveen
 
 
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