Sony Bibi and 4 entrepreneurs, Khijuriya
Loan requested $865.24
Loan issued $865.24
Funds raised $475.88
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Sony Bibi and 4 entrepreneurs, Khijuriya

Sony Bibi has a small vegetable shop at her home, which she runs with her husband. She wants to expand the size of her business to meet her family’s growing needs, so she has applied for a micro loan. She has four family members, including a daughter who is in school. She wants to give her daughter proper education in spite of her low income. Her monthly income is Rs.1500 ($33). As the group leader, she organizes monthly meetings and ensures all repayments are made on time. She is sitting first from the left in the group photo. Beby Bibi (photo 2) runs a small bicycle repair shop. She wants to buy some materials for her shop, as the demands of her customers are increasing. Because of this, she has applied for a micro loan. She has five family members, including one son who helps her in this business. Her monthly income is Rs.1500 ($33). She is sitting in the middle in the group photo. Sheili Bibi, sitting next to her, has a tent business. She wants to buy some materials for this business, so she has applied for a micro loan. She has six family members, including two sons who help her in this business. Her monthly income is Rs.3000 ($66) Angoori Devi, sitting first from the right, has a furniture shop. She has many customers, who demand well-designed products. She wants to buy some equipment, so she has applied for a micro loan. She has five family members, including one son and one daughter. Her son helps her in this business, and her monthly income is Rs.2500 ($55). Chameli Bibi, sitting second from the right, has an electronic shop. She has many customers, who demand for improved items. To buy these items, she has applied for a micro loan. She has six family members, including one son and one daughter. Her son helps her in this business, and her monthly income is Rs.2000 ($44). 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. The entrepreneurs in the group support each other through joint liability. 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 = $475.88
Total Loan Amount = $865.24

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

Tom
Andreas
Geoff
Shubha & Bala
Dr. J - magician
Miriam Jacobs
Sverre Skimmeland
Christy
Prof. David Costa
Grant
 
 
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