Rita Pradhan and 4 entrepreneurs, Belabagan
Loan requested $869.94
Loan issued $869.94
Funds raised $478.47
Funds released $0.00
Sector Services
Repayment term in months 18.0


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 Rita Pradhan and 4 entrepreneurs, Belabagan

Rita Pradhan has a tailoring shop. She has earned a good reputation in her area for her stitching work. She has a lot of customers, but she is unable to provide them service alone. Because of this, her husband helps her with her work; they work in shifts. She wants to buy two sewing machines and hire one person, so she has applied for a micro-loan. She has five family members, including one son and one daughter who attend school. She wants to give a bright future to her children. Her monthly income is Rs.3,000(USD 66). She is the group leader, and she organizes monthly meetings and ensures all repayments are made on time. Indu Jha (photo 2) also has a tailoring business in her home, where she cannot get many customers. She wants to move her business to a marketplace, so she has applied for a micro-loan. She has five family members, including one son and one daughter. Her monthly income is Rs.2,000(USD 44). She is sitting first from the left in the group photo. Beby Pradhan, sitting second from the left, has a dairy farm. She wants to buy some cows because there is increasing demand for milk. As a result, she has applied for a micro-loan. She has four family members, and her monthly income is Rs.2,000(USD 44). Jharna Jha is sitting in the middle. She has a tailoring shop, which she runs with her husband in shifts. She wants to buy two sewing machines and hire one person because she has many customers. Therefore, she has applied for a micro-loan. She has four family members, including one daughter who attends a nearby school, and her monthly income is Rs.2,500(USD 55). Rita Pradhan is sitting first from the right. Asha Devi, sitting second from the right, has a tailoring shop. She wants to move her shop to a marketplace and buy two sewing machines, so she has applied for a micro-loan. She has five family members, including one son who attends a nearby school. She is quite ambitious about her child's future. 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

Rita Pradhan and her group members have received a loan of Rs.8000/- each. After taking loan Rita Pradhan has purchased two sewing machines and hired one person. Due to the increase in capacity she is now able to serve more customers. Her income has increased from Rs.3000/- to Rs.4500/- per month. This income has helped her to improve the sanitation in her house.

Comments Add a Comment about this report


Please login to add a comment.


Comments Add a Comment about this entrepreneur


Please login to add a comment.


Funders to this entrepreneur

Hoelder1in
Dr. J - magician
Andreas
Bala Kolluru & Gayathri Ganti
Sverre Skimmeland
Carol Doherty
Gro
Investor Image
Stefan
rajkishoreg
Investor Image
Anu Venkateswaran
Investor Image
RedXIII
karishma
UDay Tangs
WelshHelen
Henry
Canada & Israel
Geoff
Investor Image
Sarah
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization