Annu Kaur and 5 entrepreneurs
Loan requested $1089.67
Loan issued $1089.67
Funds raised $599.32
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Annu Kaur and 5 entrepreneurs

Annu Kaur runs a cardboard box business. She makes boxes and sells them at the market to retailers. She wants to expand her business to earn more income and has hence applied for a micro loan. She has four members in her family including two sons who attends to school. Her monthly income is Rs 2000/-(USD44). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Mamta Devi (Photo 2) sitting in the middle at back row has a tailoring business at her home. She has many customers, but she is unable to serve them adequately. She wants to buy two sewing machines and hire one person. Therefore 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 Rs 3500/-(USD77). Uma Devi sitting in the middle at the front row runs a small stationery shop. She wants to expand her business as the customers are increasing day by day and hence she has applied for a microloan. Her husband helps her in this work. She has four members in her family including two sons who attend school. She is quite ambitious for her children. Her monthly income is Rs 1500/-(USD33). Rija Devi sitting first from the right at front row provides auto service with her husband. Her customers are increasing day by day. She wants to hire an auto and a driver. She also wants to repair her auto. Hence she has applied for a micro loan. She has six members in her family including one son and three daughters who attend school. Her monthly income is Rs 1500/-(USD33). Viva Devi sitting first from the right at back row provides rickshaw service with her husband. She wants to buy another rickshaw as customers are increasing, hence she has applied for a micro loan. She has six members in her family including two sons and two daughters who attends to school. Her monthly income is Rs 2000/-(USD44). Sarita Sen sitting first from the left at back row runs a tailoring business. She stitches very well and has earned a good reputation. She has applied for a micro-loan for her tailoring business. With this, she hopes to improve her standard of living. She has five members in her family including two daughters and one son 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

Shubha & Bala
Andreas
Sverre Skimmeland
Dr. J - magician
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frazer dodd
Geoff
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Anonymous
 
 
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