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| Loan requested |
$864.23 |
| Loan issued |
$864.23 |
| Guarantee raised |
$475.32 |
| Sector |
Agriculture |
| Repayment term in months |
18.0 |
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| About Shanti Devi and four entrepreneurs, Nilkothi |
Shanti Devi does farming with her husband. She wants to increase her income hence applied for micro loan. She has six members in her family including four sons. Her monthly income is Rs 1000/-(USD22). She is the group leader who organizes monthly meetings and ensures all repayments are made on time.
Meena Devi sitting next to Shanti Devi. She is also a farmer working with her husband in the field. In order to earn more income she has applied for micro loan. She has four members in her family including two sons. Her monthly income is Rs 1000/-(USD22).
Sunita Devi sitting in the middle of the group photo is a farmer too. Her husband helps her in this work. She wants to increase her income and hence has applied for a micro loan. She has five members in her family including two daughters and one son and her monthly income is Rs 2000/-(USD44).
Bijli Devi is sitting second from the right in the group photo. She is also a farmer working with her husband in the field. She wants to expand her work to get more income hence applied for micro loan. She has six members in her family including one daughter and three sons, one among them is a daily worker and her monthly income is Rs 2000/-(USD44).
Usha Devi (Photo 2) sitting first from the right in the group photo. She is a farmer too working with her husband in the field. She wants to elaborate her farming to earn more hence applied for micro loan. She has six members in her family including two sons and two daughters who attend a nearby school. She wants to give her children higher education. Her monthly income is Rs 2000/-(USD44).
These entrepreneurs are very dedicated and want to do good for themselves and their families. They understand the concept of a Joint Liability Group. In case any member is unable to repay the micro loan, they will pay on behalf of the member whose loan is delinquent. The entrepreneurs in the group support each other through the joint liability concept.
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| Comment about Shanti Devi and four entrepreneurs, Nilkothi 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= $475.32
Total Loan Amount= $864.23
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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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