Barki Devi & four entrepreneurs, Charki Pahar
Loan requested $909.71
Loan issued $909.71
Funds raised $500.34
Funds released $0.00
Sector Construction
Repayment term in months 18.0


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About Barki Devi & four entrepreneurs, Charki Pahar

Barki Devi works in the fields and plants the suitable crops for the season.She also does centering work with her husband. She wants to buy some equipment for her centering work and hence applied for micro loan. She has six members in her family including two sons and two daughters. Her monthly income is Rs 2500/-(USD55). She is the group leader who organizes monthly meetings and ensures all repayments are made on time. Juba Hembram sitting next to Barki Devi has a small dairy farm. She wants to buy some cows, hence she has applied for a micro loan. She has six family members including one daughter and three sons. She also wants to earn more to improve the standard of living and save something to meet the contingencies. Her husband helps her in this business and her monthly income is Rs3000/-(USD66). Sila Tudu sitting in the middle 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 many customers and increase her income hence applied for micro loan. Her husband is daily wage worker of centering work and her monthly income is Rs 3000/-(USD66). Dhani Soren sitting second from the left side has a small dairy farm. She wants to buy some cows to meet the growing demand for milk; hence she has applied for a micro loan. She has three members in her family including one daughter. She wants to earn more to improve the standard of living and save something for her future. Her monthly income is Rs2500/-(USD55). Nanki Devi sitting first from the left has small field where she used to plant crops suitable for the season. Her husband helps her in this work. She wants to invest capital to earn more profit hence applied for micro loan. She has seven members in her family including two sons and three daughters who are attending school 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 a Joint Liability Group. In case any member is unable to repay the micro loan, they will pay on 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 = $500.34
Total Loan Amount = $909.71

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

rajkishoreg
Andreas
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Anette
Sverre Skimmeland
Dr. J - magician
The Imran Family
Geoff
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Bill
krialto
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shivani & niranjan
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Ramesh Gandhi
Grant
Srivastav
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Ajay Deshpande
Harsh
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Anonymous
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Anonymous
Wolfgang
Helle
Anonymous
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Anonymous
 
 
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