Guria Devi and 4 entrepreneurs, Dandai
Loan requested $908.06
Loan issued $908.06
Funds raised $499.43
Funds released $0.00
Sector Livestock
Repayment term in months 18.0


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About Guria Devi and 4 entrepreneurs, Dandai

Guria Devi has a dairy farm. She wants to buy some cows and she also wants to repair the thatch cutting machine hence she has applied for a micro loan. She has five members in her family including one son and two daughters who attend school. Her monthly income is Rs 3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Khemni Devi (Photo 2) standing second from the left runs a poultry farm. She wants to expand the business for increasing her income and hence she has applied for a micro loan. Her husband helps her in this work. She has six members in her family including three daughters and one son who attend school and her monthly income is Rs 3000/-(USD66). Geeta Devi standing in the middle of the group photo runs a small hotel. She wants to expand the business as the customers are increasing day to day. Hence she has applied for a micro loan. Her husband is a daily wage worker. She has six members in her family including two daughters and two sons who attend school. Her monthly income is Rs 3500/-(USD77). Panwa Devi standing second from the right runs a pig farm with her husband. She wants to buy more pigs to increase her income hence she has applied for micro loan. She has seven members in her family including four sons and one daughter who attend school. Her monthly income is Rs 3500/-(USD77). Dulari Devi standing first from the right owns a dairy farm. She has many customers to whom she is unable to supply milk. To solve this problem and to meet the demands of her customers, she wants to purchase more cows. She has applied for a micro-loan for her dairy farm. Her husband helps her in this business. She has six members in her family including two daughters and two sons who attend school. 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 = $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

Investor Image
Jason Smit
Andreas
Sverre Skimmeland
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Anonymous
Dr. J - magician
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Astrid
Deb
Shubha & Bala
christa deacove mcculloch
Heather
 
 
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