Kajala Devi & five entrepreneurs, Bahadurpur
Loan requested $1182.62
Loan issued $1182.62
Funds raised $650.44
Funds released $0.00
Sector Services
Repayment term in months 18.0


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About Kajala Devi & five entrepreneurs, Bahadurpur

Kajala Devi runs a small hotel. She wants to grow her business by increasing the size of her hotel as the customers are increasing day to day. She has applied for a micro-loan for her hotel. She has one son and one daughter and her monthly income is Rs 3000/-(USD66). She is the group leader who organizes monthly meetings and ensures all repayments are made on time. Khatuna Bibi (Photo 2) sitting second from the right sells bangles from door to door, where she gets a few customers. She wants to make a shop near to the market place, where she can get many customers and increase her income. As a result, she has applied for a micro loan. She has three members in her family including one daughter. Her monthly income is Rs 3000/-(USD66). Badni Devi sitting in the middle at the back row in the group photo sells bangles door-to-door. She wants to have a shop at the marketplace where she can serve more customers and increase her income. In order to do this, she has applied for a micro-loan. She has three members in her family including one son. She wants to give her son higher education. Her monthly income is Rs 3000/-(USD66). Oikilan Khatun sitting first from the right is a farmer who grows paddy. She wants to increase the land under cultivation and hence she has applied for a micro loan. Her husband also works with her in the field. She has eight members in her family including three sons and two daughters. She has her father-in law who completely depends on her. Her monthly income is Rs 3000/-(USD66). Julekha Bibi sitting second from the left has a cosmetic shop. Her customers are increasing day by day with demand for varieties of products. To fulfill the demands of her customers and increase her earning, she has applied for a micro loan. She has six members in her family including two sons and two daughters and her monthly income is Rs 3000/-(USD66). 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.


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 = $650.44
Total Loan Amount = $1182.62

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: May 07, 2010

Last week I met Kajala Devi with our (GSA) Manoj sir. She was very pleased to see us. when we inquired about her growth of her business she said happily that now she is serving more customers than before and her monthly income is also increased. Katuna Bibi invested her loan amount in her bangle business. Her son is going to school. She also started to save something from her income. All the other members are doing well as they like the monthly repayment basis of Ajiwika.

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Funders to this entrepreneur

Shubha & Bala
Dr. J - magician
Andreas
Geoff
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Anonymous
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Anonymous
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alana harrison
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adraco
The Imran Family
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Anonymous
Sverre Skimmeland
John
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Tuukka Verho
Supriya & Bala
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Leonard
 
 
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