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| Loan requested |
$953.46 |
| Guarantee requested |
$524.40 |
| Guarantee raised so far |
$524.40 |
| Sector |
Others |
| Repayment term in months |
18.0 |
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| About Jamila Bibi and 4 entrepreneurs, Mohandih |
Jamila Bibi has a small dairy farm. She wants to buy some cows hence she has applied for a micro loan. She has five family members including three sons, among them two are daily workers. 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 Rs2000/-(USD44). She is the group leader, and she organizes monthly meetings and ensures that all repayments are made on time.
Khairun Bibi sitting second from the right in the group photo sells tins and sacks. Her husband also helps her in this business. She wants to expand her business and has hence applied for a microloan. She has six members in her family including one daughter who attends school and three sons. One of her sons is a daily worker. Her monthly income is Rs 2000/-(USD44).
Gulmohar Bibi sitting in the middle of the group photo has business of bricks which she runs with her husband. She wants to earn more income by expanding her business and has hence applied for a micro loan. She has five members in her family including two sons and one daughter who attends school. Her monthly income is Rs3000/-(USD66).
Munia Bibi sitting second from the left does centring work with her husband. She wants to buy some equipment for this business hence she has applied for a micro loan. She wants to earn more to improve the standard of living and to meet the future requirements. She has six members in her family including two sons and two daughters who attend school and her monthly income is Rs 2500/-(USD55).
Sahidan Bibi sitting first from the left in the group photo has a shoes shop. She wants to expand her business as customers are increasing and demanding products of different variety, hence she has applied for a micro loan. She has four members in her family including two daughters who attend school. 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 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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