Sarita Devi and 5 entrepreneurs
Loan requested $1038.29
Loan issued $1038.29
Funds raised $571.06
Funds released $0.00
Sector Services
Repayment term in months 18.0


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About Sarita Devi and 5 entrepreneurs

Sarita Devi (Photo-1) provides rickshaw service. She wants to buy one more rickshaw as her customers are increasing. Hence she has applied for a micro loan. She has five family members including one son and one daughter who are in the school. She also wants to increase her earning as she wants to give her children proper education and to improve the living condition of her house. Her husband also helps her in this business and her monthly income is 1500 (USD33). She is the group leader who organizes monthly meetings and ensures all repayments are on time. Rekha Devi sitting third from right in the group photo also provides rickshaw service with her husband. She wants to buy another rickshaw. So she has applied for a micro loan. She has four family members including one son to whom she wants to send school. Her monthly income is Rs.1500 (USD33). She wants to increase her income to live in comfort and save something for the future. Gita Devi sitting first from the left in the above group photo has a small dairy farm of two cows. She supplies milk to local tea stalls and individuals. She wants to buy one more cow as demand for milk is increasing. Hence she has applied for a micro loan. She has five family members including one son who helps her in this business. Her monthly income is Rs.1500 (USD33). She wants to increase her income as her house needs to be repaired. Manju Devi sitting next to her sells kerosene at her home. She wants to store more kerosene as customers are increasing. Hence she needs more capital and has applied for a micro loan. She has four family members including one son who is in the school. Her husband is a daily worker. Her monthly income is Rs.1500 (USD33). Sarita Devi (Photo-1) is sitting third from the left. Jayabala Devi sitting first from the right has a tailoring business at her home where she gets a few customers. She wants to move her shop to a market place where she can get many customers and increase her income to answer the growing needs of her family. Hence she has applied for a micro loan. She has four family members including one son who is in the school. Her husband is a daily worker and her monthly income is Rs.1500/-(USD33). Rameshwari Devi sitting second from the right makes dried rice and sells to nearby restaurants. She wants to buy some equipment for this business. Hence she has applied for a micro loan. She has five family members including one son who helps her in this business. 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 Joint Liability Group. In case any member is unable to repay the micro loan, they will pay on the 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 %
Repayment overview

Total Funded Amount = $571.06
Total Loan Amount = $1038.29

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
Shubha & Bala
Dr. J - magician
hitchcockblonde
Henry
Grant
Sverre Skimmeland
Canada & Israel
Gro
Investor Image
Anonymous
Vester
 
 
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