Namida Devi and 5 entrepreneurs, Rohini
Loan requested $1043.93
Loan issued $1043.93
Funds raised $574.16
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Namida Devi and 5 entrepreneurs, Rohini

Namida Devi, sitting first from the left is the group leader of six entrepreneurs. She has a pickle shop. Because she lacks a variety of pickles, she does not have many customers. She wants to expand her business by increasing product variety, so she has applied for a micro-loan. She has five family members, including two sons who also help her in her business, and her monthly income is Rs.2,500(USD 55) . As the group leader, she organizes monthly meetings and ensures all repayments are made on time. She is also individually featured in the second photo. Shanichari Devi (photo 3) processes rice. She wants to increase her plant's capacity, so she has applied for a micro-loan. She has six family members, including two sons who help her in her work. Her monthly income is Rs.2,500(USD 55). Namida Devi is sitting first from the left in the group photo. Rita Devi, sitting next to her, has a tailoring shop in her home, where she cannot attract many customers. She wants to shift her shop to a marketplace and buy another sewing machine. Therefore, she has applied for a micro-loan. She has six family members, including two sons who attend school. Her husband also helps her in her work. Her monthly income is Rs.1,700(USD 37). Pushpa Devi, sitting third from the left, has pisciculture (fish farming) business. She has many customers, including individuals and hotels. She wants to increase the size of pond, so she has applied for a micro-loan. She has seven family members, and her monthly income is Rs.3,000(USD 66). Shanichari Devi is sitting first from the right. Prabin Khatoon, sitting second from the right, has a tailoring shop with many customers. She works with her husband in this business. She wants to buy another sewing machine and hire one person, so she has applied for a micro-loan. She has five family members, including one son who attends school, and her monthly income is Rs.2,500(USD 55). Putul Devi, sitting third from the right, has a cycle store. She wants to expand it because the needs of her customers are growing. As a result, she has applied for a micro-loan. She has six family members, including one son and one daughter. Her son helps her in this business, and 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 = $574.16
Total Loan Amount = $1043.93

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

Namida Devi and her group members have received a loan of Rs.8000/-each. After taking the loan Namida Devi has started making more varieties of pickles to attract more customers. After taking the loan her income has gone up from Rs.2500/-to Rs.3500/-. The change in income has also brought a change in her living.

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Funders to this entrepreneur

Tom
Dr. J - magician
Andreas
Grant
Investor Image
Anette
Sverre Skimmeland
Investor Image
Stefan
Suwattana and Ross
Canada & Israel
Geoff
Investor Image
Sarah
Gro
Kris
Investor Image
Nani
 
 
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