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| Loan requested |
$697.32 |
| Loan issued |
$697.32 |
| Guarantee raised |
$383.53 |
| Sector |
Retail |
| Repayment term in months |
18.0 |
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| About Jayanti Devi and Group, Junpokhar |
Jayanti Devi (photo 1) earns a living by selling clothes door-to-door. She wants to open a permanent shop in the marketplace, so she has applied for a micro-loan for her clothing shop. She has five family members, including one son and one daughter. Her monthly income is Rs.3,500/-. She is dedicated to her children’s futures. She is the group leader, so she organizes monthly meetings and ensures that repayments are made on time.
Meena Devi (photo 2) runs a clothing shop from her home. She wants to expand her business, so she applied for a micro-loan. Her husband helps her in her business. She has six family members, and her monthly income is Rs.3,000/-.
Rekha Devi, sitting first from the left in the group photo, sells clothes door-to-door. She has applied for a micro-loan so that she can open a permanent clothing shop in the marketplace. She has five family members, including two sons. Her husband also helps her in her work, and her monthly income is Rs.3,000/-.
Meena Devi is sitting next to her, and Jayanti Devi is sitting in the middle.
Pinki Devi, sitting first from the right has a dairy farm. She has applied for a micro-loan so that she can buy some cows. She has four family members and her monthly income is Rs.3,000/-.
Munni Devi, sitting second from the right is a fruit vendor. She sells fruit from a cart cycle. She wants to rent a place in the market, so she has applied for a micro-loan for her fruit shop. She has five family members, including one son and one daughter. Her husband helps her in the business. Her monthly income is Rs.4,000/-.
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.
(Please note that although Pinki Devi is a part of the group, her loan details are not available under 'View Members and loans').
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| Comment about Jayanti Devi and Group, Junpokhar in Facebook |
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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= $383.53
Total Loan Amount= $697.32
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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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Date: Dec 15, 2009
Jayanti Devi and group members have received a loan of Rs.8000/- each. Jayanti Devi has a cloth store. After taking the microloan she has set up her shop by the road side and purchased more materials for her shop. Now she is not moving from door to door. Here she gets many customers. Her income has increased from Rs.3500/- to Rs.4500/- per month. This increased income has helped her to improve the sanitation of her house.
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Guarantors to this entrepreneur
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