Sunita Devi and 4 entrepreneurs, Chando
Loan requested $908.06
Loan issued $908.06
Funds raised $499.43
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Sunita Devi and 4 entrepreneurs, Chando

Sunita Devi has a grocery shop which she wants to expand to increase her income hence she has applied for micro loan. Her husband helps her in this business. She has three members in her family including one daughter. She wants to give her daughter higher studies. Her monthly income is Rs 3500/-(USD77). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Bhadri Devi (Photo 2) sitting second from the left in the group photo runs a tailoring business with her husband. She has many customers, but she has only one sewing machine, and she is unable to adequately serve all of her customers. As a result, she wants to buy two sewing machines and hire one person. To do this, she has applied for a micro-loan for her tailoring business. Presently, her monthly income is Rs.3500/-(USD77), and she has three members in her family including one daughter. Sampati Devi sitting in the middle in the group photo. She runs a poultry farm with her husband. She wants to increase her income by expanding her business hence she has applied for a micro loan. She has four members in her family including one son and one daughter and her monthly income is Rs 3500/-(USD77). Rashmuni Devi sitting first from the left has a poultry farm. She wants to expand this business to increase her income, hence she has applied for a micro loan. Her husband helps her in this work. She has three members in her family including one son who is daily wage worker and her monthly income is Rs 3000/-(USD66). Soma Devi sitting first from the right runs a small poultry farm with her husband. She wants to increase her income from her business and improve their family's condition of living and hence has applied for a microloan. She has three members in her family including one daughter. She wants to give her daughter higher studies. Her monthly income is Rs 3500/-(USD77). 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 = $499.43
Total Loan Amount = $908.06

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
Dr. J - magician
Andreas
Sverre Skimmeland
Therese Arkenberg
Geoff
Investor Image
Anonymous
 
 
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