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| Loan requested |
$911.16 |
| Loan issued |
$911.16 |
| Guarantee raised |
$501.14 |
| Sector |
Retail |
| Repayment term in months |
18.0 |
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| About Usha Devi and 4 entrepreneurs, Bhojpur Colony |
Usha Devi (Photo 1) sitting first from the left runs a cosmetics shop. She wants to expand her business as her customers are demanding quality products. To do this she has applied for micro loan for her shop. She also runs a PCO (Telephone kiosk) at her shop. She has five members in her family including one son and two daughters. Her monthly income is Rs3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time.
Tusan Devi (Photo 2) sitting second from the right is a peddler of cosmetic products. She wants to expand her business and also wants capitalize her business as her customers are increasing day to day. To meet the growing demand of her customers she has applied for micro loan. She has a big family with eight members including four sons and two daughters who attend school. Her monthly income is Rs 3000/-(USD66).
Bahgirati Devi sitting first from right is a peddler of fruits. She wants to expand her business as her customers are increasing hence she has applied for micro loan. She also wants to earn more profit to improve their standard of living. She has seven members in her family including three sons and two daughters who attend school. Her husband helps her in this business and her monthly income is Rs 2000/-(USD44).
Munni Devi sitting in the middle of the group photo runs tailoring business at her house. She wants to move her business to the marketplace where she can attract more customers. She has applied for a micro-loan so that she can buy a sewing machine. She has four members in her family including two sons who attend school. She wants to give higher education to her children in spite of her low income. Her monthly income is Rs 2000/-(USD44).
Urmila Devi sitting second from the left earns a living by running an electronics shop. Though she sells locally-made goods, her customers demand upgraded and branded items. In order to meet the demands of her customers, she needs to supply upgraded items. As a result, she has applied for a micro-loan for her electronics shop. Buying upgraded equipment will help her grow her business. She has five family members including two sons and one daughter. Her monthly income is Rs2000/-(USD44).
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.
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| Comment about Usha Devi and 4 entrepreneurs, Bhojpur Colony in Facebook |
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Name:
Ajiwika Society
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Ownership:
Non-profit
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Year Founded:
2006
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Credit Risk Rating:
Beta Plus
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Partner Since:
2009
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Rating Agency:
M-Cril
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Interest Rate:
24.0 %
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Delinquency Rate:
2.67 %
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Target Clients:
Poor, Ultra poor
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Default Rate:
0.0 %
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| Repayment overview |
Total Guarantee Amount= $501.14
Total Loan Amount= $911.16
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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. |
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| Progress Report |
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Guarantors to this entrepreneur
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