Sajda Khatoon and 4 entrepreneurs,Kasturba
Loan requested $909.09
Loan issued $909.09
Funds raised $500.00
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Sajda Khatoon and 4 entrepreneurs,Kasturba

Sajda Khatoon runs a betel shop. She wants a microloan to the increase variety of products due to the increase number of customers. She also wants to increase her income to improve the condition of her house and save something for the future. She has five family members including one son who helps her in this business. Her monthly income is Rs.1500/-(USD33). 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 group photo. Rijavana Khatoon (Photo-2) has a bangle store at her home. She wants to move her shop to a market place, hence she has applied for a micro loan. She has five family members including two sons who are daily wage workers. Her monthly income is Rs.2000/-(USD44). She wants to increase her income to improve the living condition and sanitation of her house. She is sitting at the centre in the group photo. Yamna Khatoon sitting first from the left in the above group photo runs a saloon with her husband. She wants to modernize it to attract more customers and increase her income to meet the growing needs of her family. She has five family members including one son and one daughter who are in the school. Her monthly income is Rs.1500/-(USD33). Both husband and wife want to give a good career to their children despite their low income. Rajiya Khatoon sitting next to her has a furniture shop. She wants a microloan to buy some equipment for this business to make furniture of modern design as customers are asking for well designed products. She has five family members including one son and one daughter. Her son helps her in this business. Her monthly income is Rs.2000/-(USD44). Ajmeri Khatoon sitting first from the right has a tailoring shop where she and her husband work in shifts. She has many customers to whom she is unable to cater service. She wants to buy two sewing machines and hire one person, hence she has applied for a micro loan. She has four family members including one son who is a daily worker. 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 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
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Funders to this entrepreneur

Tom
Dr. J - magician
Andreas
Sverre Skimmeland
Investor Image
Nani
Kris
Derrick
The Imran Family
Geoff
Grant
WelshHelen
rajkishoreg
ProSpirity.com
Supriya & Bala
Investor Image
Abhishek
 
 
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