Madina Khatun and 4 entrepreneurs, Mohandih
Loan requested $1089.67
Loan issued $1089.67
Funds raised $599.32
Funds released $0.00
Sector Others
Repayment term in months 18.0


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About Madina Khatun and 4 entrepreneurs, Mohandih

Madina Khatun distributes cable television in her locality with her husband. The cable television is accessed through a central satellite dish connection which she operates. She wants to expand her business and buy some equipment for this business and has hence applied for micro loan. She has four members in her family including one son and one daughter who attends to school and her monthly income is Rs 3000/-(USD66). She is the group leader, and she organizes monthly meetings and ensures that all repayments are made on time. Ayesha Bibi (Photo 2) sitting first from the left in the group photo is a peddler of bangles. Her husband helps are in this business. She wants to have a shop at the marketplace where she can serve more customers and increase her income. In order to do this, she has applied for a micro-loan. She has five members in her family including one daughter and two sons, one of them is a daily wage worker. Her monthly income is Rs 3000/-(USD66). Rahiman Bibi sitting second from the right in the group photo owns a small dairy farm. She wants to expand her business to earn more and save something for the future for the education of her children and has hence applied for a micro loan. She has five members in her family including one daughter and two sons one of whom is a daily wage worker and the other attends school. Her monthly income is Rs 3000/-(USD66). Maniran Bibi sitting in the middle of the group photo runs a welding shop with her husband. She wants to buy some equipment for the expansion of her business hence applied for micro loan. She has five members in her family including two sons and one daughter who attends school. One of her sons is daily wage worker. Her monthly income is Rs 3500/-(USD77). Mahiran Bibi sitting second from the left runs a lathe shop with her husband. She wants to expand her business in order to earn more income and has hence applied for a microloan. She has four members in her family including two sons one among them is a daily worker and the other attends school. She is quite ambitious about her child's future. Her mothly income is Rs2500/-(USD55). 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 = $599.32
Total Loan Amount = $1089.67

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

Andreas
The Imran Family
Sverre Skimmeland
Dr. J - magician
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Are
wadhwani
Geoff
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Anonymous
 
 
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