Asha Devi and 4 entrepreneurs, Yadhuvansh Nag
Loan requested $936.99
Loan issued $936.99
Funds raised $515.34
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Asha Devi and 4 entrepreneurs, Yadhuvansh Nag

Asha Devi (Photo 1) standing in the middle of the group photo has a fruit business. She sells fruit from a cart cycle. She wants to expand her business as her customers are increasing and hence has applied for a micro-loan. Her husband also 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 3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Meera Devi (Photo 2) standing second from the left owns a hotel. She wants to expand her business by increasing the size of her hotel. She has applied for a micro-loan for her hotel. She has six members in her family including three sons. Two of her sons attend school and the elder son helps her in this business. She also wants to save something for the future. Her monthly income is Rs3500/-(USD77). Prabha Devi standing first from the left has a small tobacco shop which she runs with her husband. She wants to expand her business and input capital in her business to earn more profit and hence has applied for a micro-loan. She has five members in her family including three sons. Two of her sons attend school and the elder son helps her in this business. Her monthly income is Rs3000/-(USD66). Sudama Devi standing second from the right supplies toys in the nearby market. She wants to expand her business as the demands from her customers are increasing. To fulfill the growing demand of her customers she has applied for a micro-loan. She has four members in her family including three sons who helps her in this business. She also wants to improve her standard of living. Her monthly income is Rs3000/-(USD66). Bhagwati Devi standing first from the right has a cycle repairing shop. She wants to expand her business. She wants to buy some materials for her shop, as the demands of her customers are increasing. Because of this, she has applied for a micro-loan. She has four members in her family including one son and one daughter who attend school. Her monthly income is Rs3500/-(USD77). 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 = $515.34
Total Loan Amount = $936.99

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

Geoff
Sverre Skimmeland
Andreas
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Leonard
Vitor
FairSpirit
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Alex
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Bill
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Anonymous
 
 
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