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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 Priti Devi and 4 entrepreneurs, Devi Mandap |
Priti Devi provides auto 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 six members in her family including three sons and one daughter. Her monthly income is Rs 3000/-(USD66). She is the group leader who organizes monthly meetings and ensures that all repayments are made on time.
Sunita Devi (Photo 2) sitting first from the right in the group photo is a farmer. Her husband helps her in this business. She wants to increase increase the land under cultivation and increase her income. Hence she has applied for a micro loan. She has seven members in her family including four daughters and one son who attend school and her monthly income is Rs 3000/-(USD66). She is quite ambitious for her children. She wants to give her children higher education in spite of her low income.
Urmila Devi sitting second from the left runs a small shoe shop with her husband. She wants to expand her business and has hence applied for micro loan. She has three members in her family including one daughter and her monthly income is Rs 3000/-(USD66).
Sakun Devi sitting in the middle in the group photo. She is a farmer who grows paddy. She wants to increase the land under cultivation and hence she has applied for a micro loan. Her husband also works with her in the field. Her monthly income is Rs 3000/-(USD66). She has six members in her family including two sons and two daughters who attends to school.
Champa Devi sitting second from the right in the group photo is a farmer. She wants to buy a water machine to give water in her field and hence applied for micro loan. Her husband helps her in the field. She has five members in her family including three sons who attends to school and 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 Priti Devi and 4 entrepreneurs, Devi Mandap 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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