Rita Devi and four entrepreneurs, Silisaram
Loan requested $636.80
Loan issued $636.80
Funds raised $350.24
Funds released $0.00
Sector Retail
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 Rita Devi and four entrepreneurs, Silisaram

Rita Devi has a brick business. Her husband helps her in this business. She wants to earn more income by expanding her business and has hence applied for a micro loan. She has five members in her family including one daughter and two sons who attends 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. Sarita Devi sitting next to Rita Devi in the group photo runs a vegetable shop with her husband. She wants to expand her business as the customers are increasing hence applied for micro loan. She has three members in her family including one son who is a daily worker. Her monthly income is Rs3000/-(USD66). Phulmuni Devi sitting in the middle of the group photo has a vegetable shop in her house. Due to increase in demand she could not cater service to her customers hence applied for micro loan. Her husband helps her in this business. She has five members in her family including one son and two daughters who are in school. Her monthly income is Rs 3000/-(USD66). Karmi Devi sitting second last from the right side sells vegetable in the market. She wants to expand her business hence applied for micro loan. Her husband helps her in this job. She has three members in her family including one son who is a daily worker and her monthly income is Rs 3000/-(USD66). Meena Devi sitting first from left in the group photo. Her husband is a peddler of vegetables. She wants to earn more profit and improve the standard of living hence applied for micro loan. She has three members in her family including one daughter who attends school. She wants to give her daughter higher study in spite of her low income. 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 = $350.24
Total Loan Amount = $636.8

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

Geoff
Sverre Skimmeland
Jim
Helle
Dr. J - magician
The Imran Family
Investor Image
Harsha Gopal
Andreas
Investor Image
Bill
Investor Image
shivani & niranjan
Investor Image
Ajay Deshpande
Investor Image
Alex
Investor Image
Anonymous
 
 
UnitedProsperity.org is a U.S. 501(c)3 non-profit organization