Ruksana Parween and 4 entrepreneurs, Chaindur
Loan requested $862.66
Loan issued $862.66
Funds raised $474.46
Funds released $0.00
Sector Others
Repayment term in months 18.0


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About Ruksana Parween and 4 entrepreneurs, Chaindur

Ruksana Parween does centring work with her husband. She wants to buy some equipment for her centring work and hence applied for micro loan. She has three members in her family including one son. 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. Sairan Nisha sitting in the middle of the group photo has a small poultry farm which she runs with her husband. She is a peddler of eggs. She wants to grow her business and has hence applied for a micro loan. She has six members in her family including two sons and two daughters. Her monthly income is Rs 3000/-(USD66). Sahida Khatun sitting first from the left has centring business. She wants to expand her business and has applied for a micro loan. She has eight family members, including four sons and two daughters. Her husband helps her in this business, and her monthly income is Rs 3000/-(USD66). Safatun Nisha sitting second from the right has a bangle store at her home. She wants to move her shop to a market place to attract more customers hence she has applied for a micro loan. She has big family with nine members including four sons and three daughters. Her monthly income is Rs 3000/-(USD66). Najma Khatun sitting first from the right in the group photo runs a small grocery shop with her husband. She wants to meet the growing needs of her customers for various products, so she has applied for a micro-loan. She has eight members in her family including three sons and three daughters and 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 = $474.46
Total Loan Amount = $862.66

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

Dr. J - magician
Andreas
Sverre Skimmeland
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Jeshyr
Geoff
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Anonymous
 
 
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