Sunita Devi & 4 entrepreneurs, Prabhat Colony
Loan requested $1091.65
Loan issued $1091.65
Funds raised $600.41
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Sunita Devi & 4 entrepreneurs, Prabhat Colony

Sunita Devi 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 five members in her family including two sons and one daughter and her monthly income is Rs 4000/-(USD88). She is the group leader who organizes monthly meetings and ensures all repayments are made on time. Akli Devi (Photo 2) is sitting first from right in the group photo. She has a dairy farm. She wants to buy some cows, hence she has applied for a micro loan. She has five family members including one daughter and two sons. Her husband helps her in this business. Her monthly income is Rs4000/-(USD88). Gita Devi sitting first from the left in the group photo has rice processing business. She wants to earn more by expanding her business, hence she has applied for a micro loan. She has five members in her family including two daughters and one son who attends school. She is quite ambitious for her children. Her husband helps her in this business and her monthly income is Rs.4000/-(USD88). Satnam Kaur sitting in the middle of the group photo has a small shoes shop. She wants to expand her business, hence she has applied for a micro loan. She has five family members including one daughter and two sons. Her monthly income is Rs 4000/-(USD88). Balika Devi sitting second from the right side in the group photo runs a coaching center. Students are increasing day by day and she is not able to provide service to them due to shortage of benches and chairs hence applied for micro loan for her coaching center. She has four members in her family including one son and one daughter who attend school. 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 = $600.41
Total Loan Amount = $1091.65

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: Apr 13, 2010

I went to collect the progress report of Sunita Devi and her group. When I met with Satnam kaur she was so pleased and when I told her about the photos for united prosperity she blessed the peoples who helped her. She also said that not only she but on behalf of all other group members she is very thankful to them. She also started saving something from her income. They also liked our monthly repayment plans because by this they have to pay only once and on a fix day. They don’t have the tension to pay every week.

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Funders to this entrepreneur

Dr. J - magician
Andreas
Geoff
Sverre Skimmeland
The Imran Family
Investor Image
Bill
Investor Image
Ajay Deshpande
Srivastav
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Anonymous
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization