Nilam Devi and 4 entrepreneurs, Chuha Bagan
Loan requested $865.24
Loan issued $865.24
Funds raised $475.88
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Nilam Devi and 4 entrepreneurs, Chuha Bagan

Nilam Devi has a dairy farm. She supplies milk to local restaurants and individuals. She has earned a good reputation in the area because of the high quality of her product. She wants to buy some buffaloes to meet the increasing demands for milk and has applied for a micro loan. She has four family members, including one son who is in school. Her monthly income is Rs.2000 ($44). As the group leader, she organizes monthly meetings and ensures all repayments are made on time. She is sitting first from the right. Nilam Thapa (photo 2) has a tailoring shop at her home. She has many customers, who she is unable to serve alone. She wants to buy two sewing machines and hire one person, so she has applied for a micro loan. Her husband also helps her in this work. She has four family members, and her monthly income is Rs.2000 ($44). She is sitting second from the right. Sarswati Devi, sitting first from the left in the group photo, has a small grocery shop. She wants to capitalize her business to buy a larger variety of items due to the increasing demands of her customers, so she has applied for a micro loan. Her husband also helps her in this business. She has five family members, including one son, and her monthly income is Rs2500 ($55). Krishna Devi, sitting next to her, has a tailoring shop at her home. She wants to move her shop to a market place and buy one sewing machine, so she has applied for a micro loan. She has four family members, including one son who is in school. She is dedicated to giving her son a bright future, and her monthly income is Rs.2000 ($44). Arati Kumari, sitting in the middle, does painting work. She is famous in her area for her excellence in this work. She wants to buy some painting materials, so she has applied for a micro loan. She has five family members, including one son who is a daily worker. Her monthly income is Rs.2000 ($44). 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, 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 %
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

Tom
Andreas
Geoff
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Anonymous
Dr. J - magician
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Anonymous
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Anonymous
Grant
Sverre Skimmeland
Gro
Prof. David Costa
 
 
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