Munia Khatun and 4 entrepreneurs, Manua
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 Munia Khatun and 4 entrepreneurs, Manua

Munia Khatun runs fish business with her husband. As customers are growing, she wants to expand the business hence she has applied for a micro loan. She has five members in her family including three daughters who attend school. Her monthly income is Rs3000/-(USD66). She is the group leader who organizes monthly meetings and ensures all repayments are made on time. Madina Khatun sitting second from the right in the group photo runs a small bicycle repairing shop with her husband. She wants invest in her business as customers are increasing hence she has applied for a microloan. She has five members in her family including two sons and one daughter who attend school. Her monthly income is Rs 3500/-(USD77). Kuresha Khatun sitting first from the left runs a small poultry farm which she runs with her husband. She sells hens and eggs in the local market. She also needs to purchase medicine and hybrid-quality hens. She has applied for a micro-loan for her poultry farm. She has five members in her family including two sons and one daughter who attend school. Presently her monthly income is Rs. 3000/-(USD66). Safina Khatun sitting in the middle of the group photo has a small vegetable shop. She wants to expand it as her customers are increasing hence she has applied for a micro loan. She also wants to earn more to improve the standard of living. Her husband also helps her in this business. She has three members in her family including one daughter. Her monthly income is Rs3000/-(USD66). Nurjahan Khatun sitting first from the right runs a small cement business with her husband. She wants to expand her business and has hence applied for a micro loan. She has five members in her family including two sons and one daughter who attend school. Her monthly income is Rs2000/-(USD55). 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
The Imran Family
Sverre Skimmeland
Geoff
Investor Image
Anonymous
 
 
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