Anju Devi and 5 entrepreneurs, Dandai
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 Anju Devi and 5 entrepreneurs, Dandai

Anju Devi runs a small grocery shop. She wants meet the growing needs of her customers for various products, so she has applied for a micro-loan. She has six members in her family including three sons and one daughter who attends to 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. Surachna Devi (Photo 2) runs a poultry farm with her husband at her home. She has many customers, including individuals and hotels. Because her business is small, she is unable to meet the demands of all her customers. As a result, she wants to expand her business and has applied for a micro-loan. She has six members in her family including two daughters and two sons who attend school. Her monthly income is Rs 3500/-(USD77). Jayanti Devi sitting in the middle at the front row is a farmer. Her husband helps her in this business. She wants to increase her income and also buy a water machine for spreading water to her field and has hence applied for a micro loan. She has four members in her family including two sons who attend school. Her monthly income is Rs 3000/-(USD66). Sarita Devi sitting first from the right at the back row runs a small grocery shop with her husband. She has earned a good reputation in her area for the quality and variety of her products. She has many customers with growing demands for different products. Hence she has applied for a micro loan. She has four members in her family including two sons who attend school and her monthly income is Rs 3000/-(USD66). Manma Devi sitting in the middle at the back row has a small laundry, but she does not have many customers because she lacks modern services. She wants to purchase some modern equipment to provide improved services to attract more customers, so she has applied for a micro-loan. She has six members in her family including two sons and two daughters and her monthly income is Rs 3000/-(USD66). Sahana Khatun sitting first from the left at the back row has a small dairy farm. She wants to buy some cows to increase her income and has hence applied for micro loan. She has three members in her family including one son 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
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Tait Chandler
Sverre Skimmeland
Dr. J - magician
Geoff
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Anonymous
 
 
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