Tarranum Khatun and 4 entrepreneurs, Rahimgan
Loan requested $909.71
Loan issued $909.71
Funds raised $500.34
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Tarranum Khatun and 4 entrepreneurs, Rahimgan

Tarranum Khatun sells clothes door-to-door. She wants to set up a permanent shop in a marketplace. She has applied for a micro-loan for a clothing store. She has four members in her family including one daughter and one son and her monthly income is Rs 3000/-(USD66). She is the group leader who organizes monthly meetings and ensures all repayments are made on time. Kaushayla Devi (Photo 2) sitting second from the right in the group photo has a very small tea stall. Her husband helps her in this business. Due to increase in customers she wants to grow her business by increasing the size of her tea stall to a small hotel. She has seven members in her family including four sons and one daughter and her monthly income is Rs 3000/-(USD66). Shakila Khatun is sitting next to Tarranum Khatun. She has a meat shop. She wants to expand her business due to increase in demand for meat, hence she has applied for a micro loan. She has four members in her family including two sons, one of the sons attends school. Her husband helps her in this business and her monthly income is Rs 3000/-(USD66). Kahkanshu Nahid sitting in the middle of the group photo has a garage. She wants to buy some equipment for this business, hence she has applied for a micro loan. She has four members in her family including one son and one daughter and her monthly income is Rs 3000/-(USD66). Saira Banu sitting first from right of the group photo runs a small general store with her husband. She wants to expand her business hence applied for micro loan. She has five members in her family including one son and two daughters who attend school. Her monthly income is Rs3000/-(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
  Date: Apr 20, 2010

Kausalya Devi and all her group members are very thankful to all their guarantors for their help. She has expanded her tea stall to a small hotel and also added more items in her hotel. Her monthly income has also increased to Rs3000/-(USD66) to Rs 3500/-(USD77). Shakila Khatun expanded her meat shop. She is now serving more customers than before. Her monthly income also increased. Her son is attending to school. All the other members are doing well. They liked the monthly repayment schedule of Ajiwika Micro Finance rather than weekly repayments like other MFIs.

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Funders to this entrepreneur

Andreas
Sverre Skimmeland
Jim
Dr. J - magician
The Imran Family
Geoff
Investor Image
Bill
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Alex
Anita Roy
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Anonymous
 
 
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