Fhulmuni Devi and four entrepreneurs, Silisar
Loan requested $773.25
Loan issued $773.25
Funds raised $425.29
Funds released $0.00
Sector Services
Repayment term in months 18.0


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About Fhulmuni Devi and four entrepreneurs, Silisar

Fhulmuni Devi has a small hotel in her house. She wants to invest in her hotel and has hence applied for micro loan. Her husband helps her in this business. She has four members in her family including one son and one daughter who are going to school. Her monthly income is Rs 3000/-(USD66). She is the group leader who organizes monthly meetings and ensures all repayments are made on time. Lalmuni Devi (Photo 2) sitting next to Fhulmuni Devi in the group photo runs a vegetable shop with her husband in her house. She wants to expand her business and hence applied for micro loan. She has four members in her family including two sons, one of them is a daily wage worker. Her monthly income is Rs 3500/-(USD77). Aloti Devi sitting in the middle of group photo has a small dairy farm in her house. Due to increase in demand of milk she wants to buy some cows and hence applied for micro loan to meet the growing demand for milk. She has four members in her family including two sons who are daily wage workers. Her husband helps her in this business and her monthly income is Rs 2000/-(USD44). Basanti Devi sitting second last from the left side makes soap at her home and supplies to the nearby shops. She has earned a good name in her locality for her quality product. She wants to increase the size of plant as customers are increasing, hence she has applied for a micro loan. She has four members in her family including two sons and her monthly income is Rs3000/-(USD66). Karmi Devi sitting first from right the group photo has vegetable shop in her house. Her husband helps her in this business. She wants to invest in her business to increase her income and has hence applied for a micro loan. She has five members in her family including one daughter and two sons. Her monthly income is Rs 4000/-(USD88). 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 = $425.29
Total Loan Amount = $773.25

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

Dr. J - magician
Sverre Skimmeland
Geoff
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Bill
Andreas
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shivani & niranjan
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Ajay Deshpande
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Alex
Wolfgang
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Naveen
Christy
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Anonymous
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Anonymous
Catherine
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Anonymous
 
 
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