Geeta Devi and 4 entrepreneurs, Thakurtand
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 Geeta Devi and 4 entrepreneurs, Thakurtand

Geeta Devi (Photo 1) standing first from the right makes baskets from bamboo wood. She wants to expand her business and also wants to keep stock of bamboo as the price is increasing. To do this, she has applied for a micro-loan. She also wants to save something to deal with emergencies. Her husband also helps her in this business. Her monthly income is Rs3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time. Nemia Devi (Photo 2) standing second from the left sells vegetables in very small quantities. She wants to increase the size of her business because there is a growing demand for her products, so she has applied for a micro-loan. She also wants to improve her standard of living. Her husband also helps her in this business. Her monthly income is Rs3000/-(USD66). Kunti Devi standing first from the left makes baskets. Her husband also helps her in this business. She wants to expand her business to earn more profit and hence has applied for a micro-loan. She has five members in her family including one daughter and two sons who attend school. Her monthly income is Rs3000/-(USD66). Rupa Devi standing in the middle of the group photo runs a fast food business in a cart cycle. She wants to expand her business as her customers are increasing day to day. She also wants to capitalize her business and hence has applied for a micro-loan. She has five members in her family including one daughter and two sons who attend school. Her monthly income is Rs3000/-(USD66). Asha Devi standing second from the right also has a fast food business. She wants to expand her business as her customers are increasing everyday. To fulfill the growing demands of her customers, she has applied for a micro-loan. Her husband also helps her in this business. She has four members in her family including one son and one daughter 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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