Urmila Devi and 5 entrepreneurs, Bardkulli
Loan requested $1089.67
Loan issued $1089.67
Funds raised $599.32
Funds released $0.00
Sector Services
Repayment term in months 18.0


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About Urmila Devi and 5 entrepreneurs, Bardkulli

Urmila Devi runs a small hotel. She wants to grow her business by increasing the size of her hotel. She has applied for a micro-loan for her hotel. Her husband helps her in this business. She has four members in her family including two sons. One of her son is a daily wage worker. 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. Asha Rani Devi (Photo 2) is a peddler of cosmetic products. She wants to buy products of improved quality. She wants to move her shop to a market place hence she has applied for a micro loan. Her husband helps her in this business. She has four members in her family including two sons, one of them attends school. Her monthly income is Rs1500/-(USD33). Kalani Devi sitting first from the left on the back row provides auto service with her husband. Her customers are increasing day by day. She wants to hire an auto and a driver. Hence she has applied for a micro loan. She has four members in her family including one daughter and one son who is a daily wage worker. Her monthly income is Rs 2000/-(USD55). Sadna Devi sitting first from the left in the front row is a peddler of kitchen utensils. She wants to expand her business and buy more products as her customers are increasing. Hence she has applied for micro loan. Her husband helps her in this business. She has four members in her family including two sons who attend school. Her monthly income is Rs 1000/-(USD22). Savitri Devi sitting in the middle at front row is also a peddler of kitchen utensils which she runs with her husband. She wants to expand her business to earn more and improve their standard of living and to meet the future requirements hence applied for micro loan. She has five members in her family including two sons and one daughter who attends to school. She has also worry for the future of their children. Her monthly income is Rs3000/-(USD66). Shama Devi sitting first from the right at the front row is a peddler of clothes. She wants to move her shop to a market place where she can get more customers and increase her income, hence she has applied for a micro loan. She has four members in her family including one son and one daughter who attend school and 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 = $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
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Alex
Sverre Skimmeland
Birkel
Dr. J - magician
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LR
Geoff
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Anonymous
 
 
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