Sushila Devi & 4 entrepreneurs, Gandhi Nagar
Loan requested $865.24
Loan issued $865.24
Funds raised $475.88
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Sushila Devi & 4 entrepreneurs, Gandhi Nagar

Sushila Devi, sitting second from the left, has a cloth store at her home where she doesn’t get many customers. She wants to move her shop to a market place where she can get many customers and fulfill the growing needs of her family. She has four family members, and her monthly income is Rs.1500 ($33). Her husband also helps her in this business. As the group leader, she organizes monthly meetings and ensures all repayments are made on time. She is also featured individually in the second photo. Anchala Das (photo 3) has a grocery shop, which she wants to expand as customers are increasing and, as a result, has applied for a micro loan. She has five family members, including one son who helps her in this business, and her monthly income is Rs.2500 ($55). She is sitting first from the right in the group photo. Puja Kumari, sitting first from the left in the group photo, has a tailoring shop where she and her husband work in shifts. She has many customers. Because of this, she wants to buy two sewing machines and hire one person, so she has applied for a micro loan. She has four family members, and her monthly income is Rs.1500 ($33). Priya Bharati, sitting in the middle, has a telephone booth, which she wants to modernize to attract more customers, so she has applied for a micro loan. She has five family members, including one son who is in the school, and her monthly income is Rs.2000 ($44). Kiran Devi, sitting second from the right, has a vegetable shop. She wants to increase the size of business, so she has applied for a micro loan. She has five family members, including one son who is an auto driver. Her husband also helps her in this business. Her monthly income is Rs.3000 ($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. Note: In the entrepreneur names you may find that several last names are repeated e.g. Devi, Bibi. 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 %
Repayment overview

Total Funded Amount = $475.88
Total Loan Amount = $865.24

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
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Funders to this entrepreneur

Ashok
Andreas
Dr. J - magician
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Anonymous
Gautam Rege
Sverre Skimmeland
Christy
Gro
Prof. David Costa
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Naresh Saharya
Derrick
none
Investor Image
Anonymous
Canada & Israel
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Bill
John
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Anonymous
Investor Image
Anonymous
 
 
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