Nashima Parween and 4 entrepreneurs, Mohandih
Loan requested $1997.73
Loan issued $1997.73
Funds raised $1098.75
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Nashima Parween and 4 entrepreneurs, Mohandih

Nashima Parween featured in the first photograph and sitting first from the right in the group photo runs a small ready to wear clothes and shoe shop at her home. She wants to expand her business as her customers are increasing and demanding products of different variety. Hence she has applied micro loan for her shoe shop and ready to wear clothes shop. She has four members in her family including two sons and her monthly income is Rs 2000/-(USD44). Her husband helps her in this business. She is the group leader, and she organizes monthly meetings and ensures that all repayments are made on time. Salma Bibi (Photo 2) sitting in the middle has a small bicycle repairing shop which she runs with her husband. She wants to buy some equipment for the shop. Hence she has applied for a micro loan. She also wants to increase her income to improve the standard of living. She has five members in her family including two sons and one daughter who attends to school. Her monthly income is Rs3000/-(USD66). Hashina Khatun sitting second from the right has a furniture shop. She wants to invest in her business to buy some equipment to make furniture of modern design as customers are nowadays demanding well designed product. Hence she has applied for a micro loan. She has four members in her family including two sons.One of them attends to school. Her monthly income is Rs 2500/-(USD55). Gulsan Bibi sitting second from the left has a business of bricks. She wants to expand her business and has hence applied for a microloan. Her husband helps her in this business. She has five members in her family including one son and two daughters and her monthly income is Rs 3000/-(USD66). Ashma Khatun sitting first from the left has weldind shop which she runs with her husband. She wants to buy some equipment for the expansion of her business and has hence applied for a micro loan. She wants to improve their standard of living by increasing her income. She has five members in her family including two sons and one daughter. 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 Joint Liability Group. In case any member is unable to repay the micro loan, they will pay on the behalf of the member whose loan is delinquent. The entrepreneurs in the group support each other through the joint liability concept Note: In the entrepreneur names you may find that several last names are repeated e.g. Devi, Bibi, Kumari. These are not last names as commonly understood but respectful ways of addressing ladies in certain parts of India.


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 = $1098.75
Total Loan Amount = $1997.73

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

Shubha & Bala
Andreas
The Imran Family
Sverre Skimmeland
Therese Arkenberg
Krish
Dr. J - magician
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LR
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Anette
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Anonymous
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Are
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vikram kaul
Geoff
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Anonymous
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Anonymous
 
 
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