Kasima Bibi and group, Narayanpur
Loan requested $877.19
Loan issued $877.19
Funds raised $482.46
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Kasima Bibi and group, Narayanpur

Kasima Bibi owns a small poultry farm, and sells chicken and eggs for a living. She lives in a joint family and her children are studying in College. She has applied for a microloan to build a thatched roof for her farm and put a net for windows. She will also purchase hybrid hens and medicines from the loan amount. Koraisa Bibi (photo 2), earns her living by rearing goats. She is the group leader and organizes monthly meetings and ensures that repayments are on time. She has applied for a microloan to purchase more goats, their fodder and medicines. In the group photo sitting 2nd from left is Bebi Bibi, who has applied for a microloan for her repairing shop. Sitting next to Kasima Bibi,(photo 1) is Serun and Rabo Bibi. Both of them have applied for a microloan for their vegetable shops. 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.


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 = $482.46
Total Loan Amount = $877.19

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: Dec 16, 2009

Kasima Bibi and all her group members are very thankful to all their guarantors for their help. Each of them received Rs. 8000/- as a microloan. Kasima Bibi purchased chicks, feed and medicine for her poultry farm. This loan has increased her standard of living and her income from Rs. 2000/- to Rs. 3500/-. Her children are doing well at college. She aspires to take a bigger loan next time for expanding her farm even further. Koraisa Bibi has used her loan to to purchase more goats and fodder. She is now able to earn more by supplying more customers. Her standard of living has also improved to some extent. Serun Bibi has used her loan to purchase more items for her vegetable shop and serve more customers. This loan has brought a change in her life. Her monthly income has increased from Rs.2000/- to Rs.3000/- and she is living happily. All the group members are happy to take this loan from Ajiwika as they have to make monthly repayments where as other MFIs operating in this area require weekly repayments which is quite difficult for them. After repaying this loan they want a bigger loan to expand their businesses further.

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Good luck for your business!
Posted by P2P-Banking.com on   09 Jun 2009 12:25 PM

Funders to this entrepreneur

chiradeep
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BP
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SK
Geoff
The Imran Family
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Anonymous
P2P-Banking.com
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speedy
 
 
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