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| Loan requested |
$908.06 |
| Loan issued |
$908.06 |
| Guarantee raised |
$499.43 |
| Sector |
Services |
| Repayment term in months |
18.0 |
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| About Poonam Jha and 4 entrepreneurs, Lakrakhanda |
Poonam Jha featured in the first photo and sitting first from the left in the group photo provides auto rickshaw service with her husband. Her customers are increasing day by day. She wants to hire an auto and a driver. Hence she has applied for a micro loan. She has four family members including two sons who attend school. Her monthly income is Rs3000/-(USD66). She is the group leader, and she organizes monthly meetings and ensures that all repayments are made on time.
Meera Devi (Photo 2) sitting in the middle of the group photo provide truck service with her husband. She wants to repair her truck and has hence applied for a microloan. She has three members in her family including one son who attends school. She wants to give a bright future to her only son. Her monthly income is Rs3000/-(USD66).
Sushila Devi sitting second from the left has a small medical shop (pharmacy). She wants to expand her business as her customers are increasing hence applied for micro loan. She also wants to wants to save something for the future requirements. She has five members in her family including two sons and one daughter who attend school. Her monthly income is Rs 3000/-(USD66).
Runa Devi sitting second from the right provides auto service with her husband. Her customers are increasing day by day. She wants to hire an auto and a driver. She also wants to repair her auto hence applied for micro loan. She has five family members including two sons and one daughter who attends to school. Her monthly income is Rs2500/-(USD55).
Sarda Devi sitting first from the right provides truck service with her husband. She wants to repair her truck hence applied for micro loan. She wants to increase her income as her family needs are increasing. She also wants to save something for the future. She has six family members including three daughters and one son who attends to school. Her monthly income is Rs 3000/-(USD66).
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 Poonam Jha and 4 entrepreneurs, Lakrakhanda 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= $499.43
Total Loan Amount= $908.06
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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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