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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 Jaba Devi and four entrepreneurs, Budhudih |
Jaba Devi (Photo 1) sitting second from the left sells clothes door-to-door. She also does stitching at her home. Her husband helps her in this business. She wants to repair her sewing machine and also wants to buy a new machine and has hence applied for a micro loan. She has four family members including two daughters. Her monthly income is Rs 2000/- (USD44). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time.
Chana Devi sitting first from the left is a peddler of clothes. She wants to set up a permanent shop in a marketplace. She has applied for a micro loan for setting up the store. She wants to earn more to improve her standard of living. Her husband helps her in this business. She has three members in her family including two sons and her monthly income is Rs 3000/- (USD66).
Gayatri Devi sitting in the middle in the group photo has a dairy farm. She wants to buy some cows to meet the growing demand for milk and hence has applied for a micro loan. She has five members in her family including one son and two daughters who attend school. She wants to earn more and save something for the future for higher education of her children. Her monthly income is Rs 3000/- (USD66).
Padda Devi sitting second from the right runs a grocery shop at her home. She wants to invest in it to expand the business. Hence she has applied for a micro loan. Her customers are increasing by the day. Her husband helps her in this work. She has four members in her family including two sons who attend school. Her monthly income is Rs 3500/- (USD77).
Kajal Devi sitting first from the right raises hens. She supplies hens to restaurants. She wants to expand her business and wants to setup a permanent shop at the market, so she has applied for a micro loan. She wants to earn more profit and save something for the future. Her monthly income is Rs 2000/- (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 Jaba Devi and four entrepreneurs, Budhudih 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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