Mariyan Khatoon & 4 entrepreneurs,Kasturba
Loan requested $909.09
Loan issued $909.09
Funds raised $500.00
Funds released $0.00
Sector Services
Repayment term in months 18.0


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About Mariyan Khatoon & 4 entrepreneurs,Kasturba

Mariyan Khatoon has a tailoring shop at her home where she and her husband work in shifts. She has a lot of customers whom she is unable to serve properly with the present capacity, hence she wants to buy two sewing machines and hire one person. Therefore she has applied for a microloan. She has five family members including one son and one daughter. Her son is a daily worker. She wants to earn more to get her daughter married and save something for the future. Her monthly income is Rs.2500/-(USD55). She is the group leader who organizes monthly meetings and ensures all repayments are made on time. She is sitting second from the right in the above group photo. Sheyara Parween (Photo-2) has a small bangle shop 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, hence she has applied for a microloan. She has four family members including one son who is a daily worker. Her monthly income is Rs.1500/-(USD33). She is sitting second from the right in the group photo. Sanjeeda Khatoon sitting first from the left in the group photo has a tailoring shop at her home where she gets a few customers. She wants to move her shop to a market place where she can get more customers and increase her income as her family needs are increasing day by day. She has five family members including one son and one daughter who attend a nearby school. Her husband is a daily worker. She wants to give a bright career to her children despite her low income. Her monthly income is Rs.2000/-(USD44). Rabiya Khatoon sitting at the centre has a small vegetable shop. She wants to expand it as her customers are increasing, hence she has applied for a micro loan. She also wants to earn more to improve the standard of living and improve the sanitation of her house. Her husband also helps her in this business. She has four family members including one son who is a daily worker. Her monthly income is Rs.2000/-(USD44). Munija Khatoon sitting first from the right provides rickshaw service with her husband. She wants to buy another rickshaw as customers are increasing, hence she has applied for a micro loan. She has four family members including one son who attends a school. Her monthly income is Rs.1500/-(USD33). 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 microloan, 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.


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 = $500.0
Total Loan Amount = $909.09

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: Feb 27, 2010

Mariyan khatun and all her group members are very thankful to all their guarantors for their help. Each of them received Rs. 8000/- as a microloan. After taking loan Mariyan Khatun has purchased one sewing machine and has hired one person. She has also moved her shop to a road side where she gets many customers. Her children are attending school and she wants to give higher education to her children. Her increased income has also helped her save a little. Rabiya Khatun used this loan to purchase more vegetables and serve more customers. After taking this loan her income and standard of living has improved. Her children are attending school and she wants to give higher education to her children. Before taking loan her income was Rs.2000/- and after loan her income is Rs.3000/-.

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Funders to this entrepreneur

Dr. J - magician
Andreas
karishma
Praveen
Sverre Skimmeland
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Nani
Kris
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Marianne
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Anonymous
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Bill
Derrick
krialto
Supriya & Bala
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Shaival Shah
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Ash
Trevor Rotzien
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Anonymous
 
 
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