Parwati Devi and 4 entrepreneurs, Bhut Kuru
Loan requested $936.99
Loan issued $936.99
Funds raised $515.34
Funds released $0.00
Sector Others
Repayment term in months 18.0


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About Parwati Devi and 4 entrepreneurs, Bhut Kuru

Parwati Devi (Photo 1) standing first from the left makes baskets from bamboo. She wants to expand her business as her customers are increasing. She wants to improve her standard of living 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 daughters and one son who attend school. Her monthly income is Rs3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Gita Devi (Photo 2) standing second from the right also makes baskets with her husband. She wants to expand her business. She also wants to save something for the future and hence has applied for a micro-loan. She has five members in her family including two daughters and one son who attend school. Her monthly income is Rs3000/-(USD66). Mina Devi standing first from the right also makes baskets. She wants to expand her business and wants to makes some stock of bamboo. To do this she has applied for a micro-loan. Her husband also helps her in this business. She has three members in her family including one daughter. She wants to give her daughter a higher education in spite of her low income. Her monthly income is Rs3000/-(USD66). Vimla Devi standing in the middle of the group photo sells vegetables with her husband. She wants to expand her business as the customers are increasing and hence has applied for a micro-loan. She has five members in her family including three sons who attend school. Her monthly income is Rs3000/-(USD66). She also wants to increase her income so that she will be able to deal with emergencies. Jupri Devi standing second from the left makes baskets from bamboo wood. She wants to expand her business and hence has applied for a micro-loan. She also wants to earn more profit to improve her standard of living. She has five members in her family including two daughters and one son who attend school. Her monthly income is Rs3000/-(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 = $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
Vitor
FairSpirit
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Alex
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Bill
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Anonymous
 
 
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