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| Loan requested |
$1302.79 |
| Loan issued |
$1302.79 |
| Guarantee raised |
$716.53 |
| Guarantee released |
$0.00 |
| Sector |
Others |
| Repayment term in months |
18.0 |
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| About Bijli Devi and 5 entrepreneurs, Bamania Gali |
Bijli Devi is 45 years old and a married woman. She has two sons who work on the basis of daily wages. She provides auto service with her husband. She wants to repair her auto and has hence applied for micro loan. Her husband is a very hard working person. He gives his full time for the service for his customers and thus his customers are also increasing. Her monthly income is Rs 2000/-(USD44).
Bijli Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time.
Savitri Pal is standing in the middle of the group photo at the front row. She is 38 years old and a married woman. She sells vegetables. Her husband also helps her in this business. She wants to grow the size of her business as her customers are also growing day to day. In order to fulfill the growing demands from her customers and earn more profit she has applied for a micro loan. She has two sons. One of her son works on the basis of daily wages and the other one attends school. Her monthly income is Rs3000/-(USD66).
Savitri Pal is taking loan for the second time from Ajiwika Society as she successfully repaid the first loan. She also likes the monthly repayments system.
Niyoti Devi is standing first from the right at the front row in the group photo. She is 33 years old and a married woman. She is a peddler of cloths. Her husband also helps her in this business. She wants to purchase cloths directly from the wholesale market by paying them cash, instead of buying from the distributor by paying them a high rate of interest on credit. To do all this she has applied for micro loan. She has one son and one daughter who attend school and her monthly income is Rs3000/-(USD66).
Niyoti Devi is taking loan for the second time from Ajiwika Society as she successfully repaid the first loan. She also likes the monthly repayments system.
Chaya Devi is standing first from the left at back row of the group photo. She is 24 years old and a married lady. She has one son and one daughter who attend school. She does peddling of clothes with her husband. She wants to have some stock of readymade clothes as the price is increasing day by day. So in order to earn more profit and fulfill the demands of her customers she has applied for a micro loan. She also needs to earn more profit in order to fulfill the growing demands of her family and children. Her monthly income is Rs3000/-(USD66).
Chaya Devi is taking a loan for the second time from Ajiwika Society as she successfully repaid the first loan. She also likes the monthly repayments system.
Shanti Devi is standing in the middle of the group photo at back row. She is 29 years old and a married lady. She runs a small betel shop with her husband. She wants to invest capital in her business and grow the size of her business as her customers are also growing and demanding daily use products. So in order to fulfill the demands of her customers and also to earn more profit she has applied for a micro loan. She has four members in her family including one son and one daughter. Her monthly income is Rs2000/-(USD44).
Sadna Devi is standing first from the right at the back row in the group photo. She is 28 years old and a married lady. She sells vegetables and earns her livelihood. Her husband also helps in this business. She wants to invest capital in her business and expand her business and has hence applied for a microloan. She also wants to save something for the future requirements to deal with the emergencies. She has two sons and two daughters who attend school. Her monthly income is Rs 3000/-(USD66).
Sadna Devi is taking a loan for the second time from Ajiwika Society as she successfully repaid the first loan. She also likes the monthly repayments system.
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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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= $716.53
Total Loan Amount= $1302.79
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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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