Progress Reports

Panmati Devi and group, Dhatkidih

Ajiwika Society, India

$877.19 of $877.19 repaid.

Panmati Devi and all her group members are very thankful to all their guarantors for their help. Each of them received Rs. 8000/- as a microloan. Using this loan she purchased two sewing machines and hired one person. She is now able to handle more customers. Before taking loan her income was Rs.2000/- and after loan her income is Rs.3500/-. Due to the increase in her income her standard of living has increased a little bit. She is also able to save a little. Her children are happily attending school. She is quite ambitious for her children. Ranju Devi was able to purchase two cows and fodder for her dairy. She is now able to supply milk to more customers. Her income has increased from Rs.2000/- to Rs.3500/-. Her standard of living has increased a little and she is also able to save something for future contingencies. Shivji Devi used this loan to expand her sweet shop. Before taking loan her income was Rs.2000/- and after loan her income is Rs.3000/-. This increased income has brought a change in her life style and she is quite happy now. All the group members are happy to take this loan from Ajiwika as they have to make monthly repayments where as other MFIs operating in this area require weekly repayments which is quite difficult for them. After repaying this loan they want a bigger loan to expand their businesses further.

Posted by Supriya Nadig on Dec 16, 2009

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Sunita Devi and group, More Beldih

Ajiwika Society, India

$877.19 of $877.19 repaid.

Sunita Devi and all her group members are very thankful to all their guarantors for their help. Each of them received Rs. 8000/- as a microloan. She was able to buy two sewing machines with the loan and has also employed two people to handle the increasing number of customers. Her income is now Rs.3000/- and she is able to save a little. Gayatri Devi has increased the size of her business by purchasing more vegetables. She is now able to handle more customers. The recent drought in Jharkhand has affected her business a little though. Before taking loan her income was Rs.2500/- and after loan her income is Rs.3500/-. She is able to save a little amount of her income. Gita Devi has increased the size of business by purchasing more vegetables. She is now able to handle more customers. The recent drought in Jharkhand has affected her business a little though. Before taking loan her income was Rs.2000/- and after loan her income is Rs.3000/-. Due to the increase in her income her standard of living has increased a little bit. Durgawati Devi was able to purchase two sewing machines and hire one person. She is now able to handle more customers. Before taking loan her income was Rs.2000/- and after loan her income is Rs.3000/-. Her standard of living has increased a little bit. She is also able to save something. All the group members are happy to take this loan from Ajiwika as they have to make monthly repayments where as other MFIs operating in this area require weekly repayments which is quite difficult for them. After repaying this loan they want a bigger loan to expand their businesses further.

Posted by Supriya Nadig on Dec 16, 2009

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Very interesting that it is mentioned that group members are already saving some of their incremental income. I understand that the key to successful microlending is the fact that most of the money goes to women, who are said to spend money more carefully than men, on things like education for their children and things that ultimately improve the living standard of the communities they live in while men often spend on short term gratification... In that sense it is good to see that the money is spent carefully - or even saved!
Posted by Andreas on   07 Jan 2010 03:24 AM

Sakho Devi and group, Ritudih

Ajiwika Society, India

$1052.63 of $1052.63 repaid.

Sakho Devi and all her group members are very thankful to all their guarantors for their help. Each of them received Rs. 8000/- as a microloan. Using the loan Sakho Devi purchased more items for her grocery store to meet the demands of her customers. Her business has increased and her income as well. Before taking the loan her income was Rs.3000/- and now her income is Rs.4000/-. Her children are attending a nearby school. She wants to give them better education. Due to the increase in income her standard of living has also increased. Sharda Devi was able to purchase more materials for making batteries to fulfill the growing demands of her customers. Her business has increased and income as well. Before taking loan her income was Rs.3000/- and after loan her income is Rs.4000/-. Her children are attending a nearby school. Due to the increase in income her standard of living has also increased a little bit. Chinta Devi used the loan to increase the size of her bakery. Before taking loan her income was Rs.3500/- and after loan her income is Rs.4500/-. Her child is attending a nearby school. Her nutrition has improved due to the increased income. Recently Jharkhand was declared as drought affected state but their businesses are not affected. They are doing well and after repaying this loan they want a bigger loan to expand their businesses further. All the group members are happy to take this loan from Ajiwika as they have to make monthly repayments where as other MFIs operating in this area require weekly repayments which is quite difficult for them.

Posted by Supriya Nadig on Dec 16, 2009

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Lalti Devi and group, Ritudih

Ajiwika Society, India

$1052.63 of $1052.63 repaid.

Lalti Devi and all her group members are very thankful to all their guarantors for their help. Each of them received Rs. 8000/- as a microloan. After taking the loan Lalti Devi was able to purchase more materials and supply to more customers. Due to the increase in volume of business her income has also gone up. Before taking loan her income was Rs.3500/- and after loan her income is Rs.4500/-. Her two children are also happily attending school. She was also able to improve the sanitation of her house. Savitri Devi has purchased two sewing machines and hired one person after getting her loan. She is now able to provide service to more customers. Before taking loan her income was Rs.2500/- and after loan her income is Rs.3500/-. Both her children now attend school. Her standard of living has also increased. Labina Devi was able to purchase a variety of products to fulfill the demands of customers. Her business has increased and her income which was Rs.2500/- is now Rs.3500/-. Now she is also able to save a little amount of her earnings, which she is planning to use for her daughter's wedding. The group members are happy to take loans from Ajiwika as it takes repayments from its clients monthly where as other MFIs operating in this area require weekly repayments which is quite difficult for the clients. Recently, Jharkhand was declared as drought affected state but their business did not get affected. They are doing well. After repaying this loan they want a bigger loan to expand their businesses further.

Posted by Supriya Nadig on Dec 16, 2009

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Farida Begam and group, Sultan Nagar

Ajiwika Society, India

$1052.63 of $1052.63 repaid.

Farida and all the entrepreneurs thank you for your support. We would like to give an update on Farida's loan. She was given a microloan of Rs.8000/-. After taking the microloan she has purchased two sewing machines and started stitching school uniforms at her home. This microloan has made her independent. There is also a significant change in her life style. Before taking the microloan her monthly income was Rs.3000/-, but after taking the microloan her monthly income has increased to Rs.4500/-. Now she is able to save a small amount of her earnings. Her standard of living has also changed a little bit. She enrolled her daughter at a school in the nearby area. Her daughter is happily attending school now. She also wants to give her daughter a better education. After repaying this loan she wants to get a loan of a bigger amount, so that she can expand her business and earn more to achieve her objectives. This point is common to almost all the clients.

Posted by Admin user on Oct 22, 2009

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