Panmati Devi and group, Dhatkidih
Loan requested $877.19
Loan issued $877.19
Funds raised $482.46
Funds released $0.00
Sector Handicraft
Repayment term in months 18.0


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About Panmati Devi and group, Dhatkidih

Panmati Devi supports her family by stitching gloves. She has earned a good name in making gloves and now needs to expand her small business, for this purpose she has applied for a microloan. She hopes to improve her livelihood by this expansion. She is also the group leader of the Dhatkidih Joint Liability Group II. She organizes monthly meetings and ensures that repayments are on time. In the group photograph, the ladies sitting on the right are members of Dhatkidih Joint Liability Group II. Sitting behind Panmati Devi is Bina Devi, who has applied for a microloan for her bakery shop. Behind her is Sawitri Devi, she has applied for a microloan for her grocery shop. Sitting behind her is Ranju Devi, who needs a loan to purchase a cow. Shivja Devi sitting on the last row has applied for a microloan for her small sweets shop. They understand the concept of Joint Liability Group. In case any member is unable to repay the microloan, they will pay on the behalf of that delinquent member.


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 = $482.46
Total Loan Amount = $877.19

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 16, 2009

Panmati Devi and all her group members are very thankful to all their guarantors for their help. Each of them received Rs. 8000/- as a microloan. Using this loan she purchased two sewing machines and hired one person. She is now able to handle more customers. Before taking loan her income was Rs.2000/- and after loan her income is Rs.3500/-. Due to the increase in her income her standard of living has increased a little bit. She is also able to save a little. Her children are happily attending school. She is quite ambitious for her children. Ranju Devi was able to purchase two cows and fodder for her dairy. She is now able to supply milk to more customers. Her income has increased from Rs.2000/- to Rs.3500/-. Her standard of living has increased a little and she is also able to save something for future contingencies. Shivji Devi used this loan to expand her sweet shop. Before taking loan her income was Rs.2000/- and after loan her income is Rs.3000/-. This increased income has brought a change in her life style and she is quite happy now. All the group members are happy to take this loan from Ajiwika as they have to make monthly repayments where as other MFIs operating in this area require weekly repayments which is quite difficult for them. After repaying this loan they want a bigger loan to expand their businesses further.

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Good luck for your business!
Posted by P2P-Banking.com on   09 Jun 2009 12:23 PM

Funders to this entrepreneur

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Anonymous
Tamiko B
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SK
The Imran Family
P2P-Banking.com
Trevor Rotzien
Geoff
Christy
Andreas
karishma
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yuri grinboym
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Anonymous
 
 
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