Bilki Devi and four entrepreneurs, Nilkothi
Loan requested $864.23
Loan issued $864.23
Funds raised $475.32
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Bilki Devi and four entrepreneurs, Nilkothi

Bilki Devi has a grocery shop which she wants to expand and has hence applied for micro loan. She has six members in her family including one daughter and three sons, one among them attends school. Her monthly income is Rs3000/-(USD66). She is the group leader, and she organizes monthly meetings and ensures that all repayments are made on time. Sarita Devi (Photo 2) sitting first from the left in the group photo has a very small grocery shop in her house. She wants to expand her business as the customers are increasing day by day hence applied for micro loan. She has five members in her family including two daughters and one son who attend school. Her monthly income is Rs3000/-(USD66). Savitri Devi sitting first from the right is a farmer. Her husband helps her in this business. She wants to increase her income and has hence applied for micro loan. She has four members in her family including two sons who attend to school and her monthly income is Rs 3000/-(USD66). Salu Devi sitting next to Savitri Devi. She is also a farmer. She wants to expand her business and has therefore applied for micro loan. She has five members in her family including three sons who attend a nearby school. Her monthly income is Rs 3000/-(USD66). Geeta Devi sitting second from the left side in the group photo. She is a farmer and wants to increase her income and has hence applied for micro loan. She has five members in her family including three daughters and her monthly income is Rs 1000/-(USD22). Her husband helps her in this work. 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 = $475.32
Total Loan Amount = $864.23

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

Andreas
Sverre Skimmeland
Dr. J - magician
The Imran Family
Geoff
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Bill
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shivani & niranjan
Therese Arkenberg
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Anonymous
 
 
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