Puja Devi and 5 entrepreneurs, Machlipatti
Loan issued $0.00
Funds issued $0.00


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About Puja Devi and 5 entrepreneurs, Machlipatti

Puja Devi is 31 years old and married. She does tailoring work at her house. She is in this profession for last six years. Her husband used to do peddling of clothes. She wants to invest in her business and also wants to purchase a tailoring machine as her customers are increasing day to day and hence she has applied for a micro loan. She also wants to keep an inventory of clothes to sell them in future as the price is increasing day by day. She is a mother of two sons who are attending school. Her monthly income is Rs 3000/-(USD66). Puja Devi is taking the second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Puja Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Geeta Devi (Photo 2) is sitting first from the left at back row in the group photo. She is 32 years old and a married woman. She has a small shop of bags. She makes and sells bags and also repairs old bags in her shop. Her husband also helps her in this business. She wants to expand her business and thus wants to invest in this business as her customers are coming with a huge demand for school bags and language bags. In order to fulfill their demands and earn more she has applied for a micro loan. She has five members in her family including one daughter and two sons who are attending school. Her monthly income is Rs 3000/-(USD66). Geeta Devi is taking a second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Basanti Devi is sitting in the middle of the front row in the group photo. She is 31 years old and married. She has vegetables business and she also does peddling of clothes with her husband. She wants to invest in both her businesses and has thus applied for a micro loan. She is doing this work from eight years and now she has earned a good name and due to this her customers are increasing day by day. She has one son and two daughters who are attending school. She also wants to earn more to improve her standard of living. Her monthly income is Rs3500/-(USD77). Basanti Devi is taking the second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Anita Devi is 31 years old and a married woman living with her husband, one son and one daughter. Her children are going to school. She used to collect all the plastics, tins, news papers etc with her husband from door to door and sell them in the market. Her husband works in a scrap yard. He also sells cartons. She wants to expand her business and has hence applied for micro loan. Her monthly income is Rs3000/-(USD66). She is sitting first from the right at the front row of the group photo. Anita Devi is taking the second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Saraswati Devi is sitting first from the right at the back row of the group photo. She is 29 years old and a married lady. She collects plastics, tins, news papers etc with her husband from door to door and sell them in the market. She is doing this business from last six years and now she wants to expand it and has thus applied for a micro loan. She also wants to have some saving for the future requirements. She has two sons who go to school. Her monthly income is Rs3000/-(USD66). Saraswati Devi is taking the second cycle loan from Ajiwika Society as she has repaid the first cycle loan successfully. Sunita Devi is sitting in the middle at the back of the group photo. She is 41 years old and married living with her husband. She earns her livelihood by collecting and selling cartoon boxes collecting papers, plastics tins etc from her customers sells them in the market place. She wants to expand her business and has thus applied for micro loan. Her husband also helps her in this business. She is doing this work from ten years. She is mother of two daughters and one son who are attending school. Her monthly income is Rs3000/-(USD66). Sunita Devi is taking her 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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Funders to this entrepreneur

Sverre Skimmeland
Dr. J - magician
Vitor
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Trond-Atle Asphjell
The Imran Family
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lynde stubbs
Geoff
Andreas
Judith
John
FairSpirit
Rohitesh Sharma
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Niels
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Atle
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speedy
mainstmicro
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Anonymous
 
 
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