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| Loan requested |
$908.06 |
| Guarantee requested |
$499.43 |
| Guarantee raised so far |
$499.43 |
| Sector |
Others |
| Repayment term in months |
18.0 |
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| About Lalita Devi and 4 entrepreneurs, Lakrakhanda |
Lalita Devi (Photo 1) sitting in the right corner in the group photo has a dairy farm. She has many customers and her husband helps her milk the cows. She has applied for a micro-loan to buy cows and hire one person. She wants to expand her business so that she can improve her livelihood. She has three members in her family including one son who attends school. Her monthly income is Rs 3000/-(USD66). She is the group leader, and she organizes monthly meetings and ensures that all repayments are made on time.
Bachhi Devi (Photo 2) sitting second from the right in the group photo runs a small photo studio with her husband. She also runs a small a STD PCO (telephone kiosk from where people can make phone calls). She wants to expand her business so that she can save some thing for the future requirements. Hence she has applied for micro loan. She has five members in her family including one daughter who attends school and two sons who help her in the business. Her monthly income is Rs 3000/-(USD66).
Maya Devi sitting in the middle of the group photo has a dairy farm. She supplies milk to local tea stalls, restaurants and individuals. Demand for milk is growing day by day hence she wants to buy some buffaloes. Therefore she has applied for a microloan. She has six family members including two sons and two daughters who are in school. She wants to earn more to get her house repaired and improve the standard of living. Her husband is a daily wage worker. Her monthly income is 2000/-(USD55).
Fhuljharu Devi sitting second from the left also has a dairy business. She wants to buy some cows to grow her business. As a result, she has applied for a micro-loan. She wants to improve her living standard. She has six members in her family including two sons and two daughters. Her sons are daily wage workers and her daughters attend school. Her husband helps her in this business. Her monthly income is Rs2000/-(USD44).
Savitri Devi sitting first from the left also a dairy farm. She wants to buy some cows hence she has applied for a micro loan. She has six family members including three sons and one daughter who attend school. One of her sons is a daily wage worker. She also wants to earn more to improve the standard of living and save something to meet the contingencies. Her husband helps her in this business and her monthly income is Rs2500/-(USD55).
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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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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| Progress Report |
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Guarantors to this entrepreneur
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