Mandulari Devi and 4 entrepreneurs
Loan issued $0.00
Funds issued $0.00


Feed RSS

[Post to Twitter]Tweet this entrepreneur

Bookmark and Share
View members and loans

Spread the word

Encourage your friends and family to join you in supporting the cause of your championed entrepreneur.

Third
Thank your supporters and encourage them to share your cause with their friends.
About Mandulari Devi and 4 entrepreneurs

Mandulari Devi (Photo 1) is 35 years old and married. She is sitting first from left in the group photo. She owns a grocery shop which she runs with her husband. She wants to expand her business and also wants to stock more products of daily use as her customers are demanding it and so she has applied for a micro loan. She also wants to save something for the future. She has two sons and one daughter who are attending school. Her monthly income is Rs. 2000/- (USD44). Mandulari Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Manju Devi is sitting (Photo 2) second from left in the group photo. She is 35 years old and married. She owns a dairy farm. She works their with her husband in the farm. She supplies milk in her locality and in some restaurants. The demand of milk is increasing and so she wants to buy more cows and so she has applied for a micro loan. She has five members in her family including one son and two daughters who are attending school. Her monthly income is Rs. 2500/- (USD55). Mohini Devi is 30 years old and married woman. She is sitting in the middle in the group photo. She raises goats with her husband. Her customers are increasing by the day and also demanding more. In order to fulfill the growing demands from her customer and earn more profit she has applied for a micro loan. She also wants to have some stock to sell them later. She has one son and two daughters who are attending school. Her monthly income is Rs. 2500/- (USD55). Durgawati Devi is sitting second from right in the group photo. She is 43 years old and married. She runs a small tea stall with her husband. She wants to invest more money in her business and sell more products as her customers are increasing by the day. In order to do this and expand her business she has applied for a micro loan. She is running this business for the last ten years. She has one daughter and two sons who are attending school. Her monthly income is Rs. 2000/- (USD44). Manju Devi is 32 years old and married. She is sitting first from right in the group photo. She runs a tailoring business. She is in this profession for the last two years. She has earned a good reputation in her locality for her work and now her customers are increasing. In order to serve her customers on time she needs to buy a tailoring machine and so has applied for a micro loan. She has one son and one daughter who are attending school. Her monthly income is Rs. 2000/- (USD44). These entrepreneurs are very dedicated and want to do good for themselves and their families. They understand the concept of a Joint Liability Group. In case any member is unable to repay the micro loan, they will pay on 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
Comments Add a Comment about this entrepreneur


Please login to add a comment.


Funders to this entrepreneur

Judith
The Imran Family
Andreas
Dr. J - magician
Investor Image
Ms. M
Investor Image
Bill
Sverre Skimmeland
Kris
Tatiana
Investor Image
Leonard
Malia Anderson
Shubha & Bala
Investor Image
Nitin Jain
Grant
Investor Image
Anonymous
Ganesh, Anu & Sriram
Investor Image
Anonymous
Investor Image
Anonymous
Laurie
Investor Image
Anonymous
Good Dogg
Investor Image
Anonymous
Investor Image
Diane R
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization