Salma Khatun and 4 entrepreneurs, Chaindura
Loan requested $908.06
Loan issued $908.06
Funds raised $499.43
Funds released $0.00
Sector Retail
Repayment term in months 18.0


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About Salma Khatun and 4 entrepreneurs, Chaindura

Salma Khatun runs grocery shop with her husband. She wants to meet the growing needs of her customers for various products, so she has applied for a micro-loan. She has five members in her family including two sons and one daughter who attend school. Her monthly income is Rs 3500/-(USD77). She is the group leader who organizes monthly meetings and ensures all repayments are made on time. Sahnaj Begum (Photo 2) sitting second from the left in the group photo runs a betel shop. She wants to invest in her business to increase variety of products due to increase in customers, hence she has applied for a micro loan. She also wants to increase her income and save something for the future. She has four members in her family including one son and one daughter who attend school. Her monthly income is Rs 3500/-(USD77). Ajmeri Begum sitting first from the left in the group photo runs a small betel shop with her husband. She wants to expand her business to increase her income, hence she has applied for a micro loan. She has five members in her family including two daughters and one son who attend school and her monthly income is Rs 3000/-(USD66). Javina Khatun sitting second from the right in the group photo provides auto service with her husband. Due to increase in customers she wants to buy an auto and hire a person to earn more income. She also wants to repair her auto, to do this she has applied for micro loan. She has five members in her family including three sons who attend school. Her monthly income is Rs 3500/-(USD77). Ruma Khatun sitting first from the right in the group photo has a small hotel which she runs with her husband. She wants to expand and modernize her hotel, so she has applied for a micro-loan. She has seven members in her family including one daughter and four sons who attend 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.


Partner MFI
Name: Ajiwika Society Ownership: Non-profit
Year Founded: 2006 Credit Risk Rating: Beta Plus
Partner Since: 2009 Rating Agency: M-Cril
Interest Rate: 24.0 % Delinquency Rate: 2.67 %
Target Clients: Poor, Ultra poor Default Rate: 0.0 %
Repayment overview

Total Funded Amount = $499.43
Total Loan Amount = $908.06

Repayment Overview chart

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.
Progress Report
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Funders to this entrepreneur

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Alex
Andreas
The Imran Family
Sverre Skimmeland
Dr. J - magician
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Anonymous
Geoff
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Anonymous
 
 
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