Ruby Devi and 4 entrepreneurs, Jun Pokhar
Loan requested $871.65
Loan issued $871.65
Funds raised $479.41
Funds released $0.00
Sector Retail
Repayment term in months 18.0

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About Ruby Devi and 4 entrepreneurs, Jun Pokhar

Ruby Devi earns a living by selling sweets. She and her husband run a sweets shop, which she plans to expand into a hotel; this, in addition to the fact that her shop is in a market area, will allow her to serve food 24/7. She will hire cooks, and her husband will look after the business. She hopes that this investment will improve her standard of living and will allow her to fund higher education for her children. Presently, her monthly income is Rs.4,500, which will increase over time. She is the group leader, so she organizes monthly meetings and ensures that all repayments are made on time. Pinki Devi (photo 2) sells cosmetics and fruit door-to-door. Her husband helps her in her business. With her micro-loan, she wants to establish a permanent shop in the nearby market place. She has six family members, including two sons. Her monthly income is Rs.3,000/-. Sunita Devi, sitting first from the left in the group photo, runs a cosmetic store at her home. She wants to grow her business, so she has applied for a micro-loan. She has five family members, including two sons. Meena Devi, sitting next to Sunita Devi, runs a very small confectionery shop at her home, where she attracts a few customers. She wants to move her business to a marketplace, so she has applied for a micro-loan. She has six family members including two daughters. Her monthly income is Rs.3,500/-. Nirmala Devi, sitting in the middle, runs a cosmetics shop. She wants to grow her business, so she has applied for a micro-loan. She has four family members, including one son. Her husband helps her in her business and her monthly income is Rs.2,500/-. Pinki Devi is sitting first from the right, and Ruby Devi is sitting next to her. These entrepreneurs are very dedicated and want to do well not only for themselves but also for their families. They understand the concept of a Joint Liability Group. If any member of the group is unable to repay their micro-loan, the other members will pay on the behalf of the member whose loan is delinquent.

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 = $479.41
Total Loan Amount = $871.65

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
  Date: Dec 15, 2009

Ruby Devi and her group members have received a loan of Rs.8000/- each. Ruby Devi runs a sweet shop. After taking the loan she has expanded her business to serve to more customers. She has started serving lunch. Now her income has increased from Rs.4500/- to Rs.6000/-. She has also hired a person due to the extra work load. Her standard of living has changed now.

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Funders to this entrepreneur

Shubha & Bala
Investor Image
The Imran Family
Investor Image
Jeffrey F
Bala Kolluru & Gayathri Ganti
Sverre Skimmeland
Dr. J - magician
Hoelder1in is a U.S. 501(c)3 non-profit organization