Biva Devi and four entrepreneurs, Bansidih
Loan requested $1091.65
Loan issued $1091.65
Funds raised $600.41
Funds released $0.00
Sector Services
Repayment term in months 18.0


Feed RSS

[Post to Twitter]Tweet this entrepreneur

Bookmark and Share
View members and loans

Spread the word

Encourage your friends and family to join you in supporting the cause of your championed entrepreneur.

Third
Thank your supporters and encourage them to share your cause with their friends.
About Biva Devi and four entrepreneurs, Bansidih

Biva Devi stitches clothes. As she has only one sewing machine, she is unable to meet the demands of her customers. As a result, she wants to buy two sewing machines and hire two people. In order to buy the two sewing machines, she has applied for a micro-loan. She also teaches a few students in her nearby coaching center. Her monthly income is Rs.3000/-(USD66). Pulana Devi (Photo 2) has a small dairy farm. She wants to buy some more cows to cater to the increased demand of her customers. She has applied for a micro-loan for her dairy farm. She has three members in her family including one son who also helps her in this business. Her monthly income is Rs 3000(USD66). Baishaki Devi sitting first from the left earns her living by selling clothes with her husband. She wants to invest in her business and has hence applied for a micro loan. She has four family members, including one son and one daughter. Her monthly income is Rs.3500/-(USD77). She is dedicated to her children’s futures. Sunita Devi is sitting next to Baishaki Devi. She earns her living by selling flowers with her son. She wants to open a permanent shop in the marketplace, so she has applied for a micro-loan for her flower shop. She has three family members including one son who helps her in her business. Her monthly income is Rs 3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Sumitra Devi sitting first from the right runs small cloth shop. In order to grow her business she wants to invest in her shop, so she has applied for a micro-loan. She has five members in her family including one daughter and two sons. 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
Comments Add a Comment about this entrepreneur


Please login to add a comment.


Funders to this entrepreneur

Dr. J - magician
Andreas
Investor Image
Anette
Sverre Skimmeland
The Imran Family
Geoff
Investor Image
Bill
Investor Image
Help India
Investor Image
ram8801
Investor Image
shivani & niranjan
Investor Image
Anonymous
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization