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| Loan requested |
$763.70 |
| Loan issued |
$763.70 |
| Guarantee raised |
$420.04 |
| Guarantee released |
$0.00 |
| Sector |
Livestock |
| Repayment term in months |
18.0 |
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| About Sumita Devi and 4 entrepreneurs, Dharampura |
Sumita Devi is 32 years old and a married woman. She raises goat with her husband. She wants to expand her business as her customers are increasing day by day. In order to fulfill the growing demands from her customers and earn more profit she has applied for micro loan. She has two daughters and one son who are going to a nearby school. Her monthly income is Rs. 2000/-(USD44).
Sumita Devi is the group leader who organizes monthly meetings and ensures that all repayments are made on time.
Radhika Devi is standing second from the right in the group photo. She is 51 years old and a married woman. She also has business of raising goats which she runs with her husband. She also supplies goats to hotels and restaurants. She wants to expand her business as her customers are asking for more goat. So in order to fulfill the growing demands of her customers and earn more profit she has applied for micro loan. She has one son and one daughter. Her son works on the basis of daily wages in construction site. Her monthly income is Rs2500/-(USD55).
Kausalya Devi is standing first from the right in the group photo. She is 37 years old and a married woman. She grows and sells vegetable. Her husband also helps her in this business. She wants to increase her land of cultivation and has hence applied for a micro loan. She also wants to save something for the future requirements in order to deal with the emergencies. She has two sons and one daughter who attend school. Her monthly income is Rs2000/-(USD44).
Hemanti Devi is standing second from the left in the group photo. She is 31 years old and a married woman. She raises goat. Her husband also helps her in this business. She also supplies in hotels and restaurants. She wants to expand her business and invest capital in her business as her customers are increasing day by day and hence she has applied for a micro loan. She has two daughters and one son who are in school. Her monthly income is Rs3000/-(USD66).
Jaibun Nisha is standing first from the left in the group photo. She is 37 years old and a married woman. She has a tailoring business at her home. She needs to buy another tailoring machine and hire a person to help her as her customers are increasing day by day. In order to serve her customers adequately and earn more profit she has applied for micro loan. She has four members in her family including two sons who attend to school. Her monthly income is Rs2000/-(USD44).
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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| Comment about Sumita Devi and 4 entrepreneurs, Dharampura 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= $420.04
Total Loan Amount= $763.7
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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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