Fhulmuni Devi and 5 entrepreneurs, Manua
Loan requested $1089.67
Loan issued $1089.67
Funds raised $599.32
Funds released $0.00
Sector Others
Repayment term in months 18.0


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About Fhulmuni Devi and 5 entrepreneurs, Manua

Fhulmuni Devi is in the business of bricks. She also works in the field to grow seasonal crops. To expand her business she has applied for a microloan. Her husband helps her in this business. She has five members in her family including two daughters and one son who attends school. Her monthly income is Rs. 3000/-(USD66). She is the group leader who organizes monthly meetings and ensures all repayments are made on time. Jhalwa Devi also has bricks business. She wants to earn more income by expanding her business hence she has applied for a microloan. Her husband helps her in this business. She has five members in her family including two sons and one daughter who attend school. Her monthly income is Rs 2500/-(USD55). Anju Devi sitting first from the left in the front row has bricks business which she runs with her husband. She wants to expand her business to increase her income and save something for the future hence she has applied for a microloan. She has two family members and her monthly income is Rs3000/-(USD66). Sugni Devi sitting in the middle in the front row 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 microloan. She also wants to earn more to improve the standard of living. Her husband also helps her in this business. She has four family members including two sons who attend school. Her monthly income is Rs 2500/-(USD55). Kari Devi sitting in the middle at the back row also has bricks business. She wants to expand her business and save something for the future and has hence applied for a microloan. Her husband helps her in his business. She has five members in her family including three daughters. Her monthly income is Rs2000/-(USD44). Basanti Devi sitting first from the right at the back row has business of bricks. She wants to earn more by expanding her business to improve her standard of living hence she has applied for a microloan. She has five members in her family including one son and two daughters 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 = $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

Andreas
Dr. J - magician
Sverre Skimmeland
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LR
Geoff
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Anonymous
 
 
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