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| First Evaluation
: Plans Changed
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| Poornima made incense sticks (Agarbatti) to supplement her husband's income as a painter. She then decided to take a loan to expand her business. However, her plans changed once she received the loan. She decided to buy a cycle rickshaw instead and give it out on hire. This ensured a steady income of twenty rupees a day, leaving her with more time to attend to household chores. Poornima still continues to make agarbattis in small lots from her savings. She now has two businesses to handle. |
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Evaluated by
Gnan
3 years ago
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| Borrower DetailsView borrower profile |
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| Location :
Sanjay gandhi nagar,
Maharashtra
Activity : Agarbatti sales
Current Loan Status : Repaid
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| Poornima?s husband paints homes and other interiors. He makes around Rs.3000 a month but his income varies greatly every month. Poornima started making incense sticks to earn a living and to provide some stability to their finances. A small loan will help her to buy the required raw materials and ear even better. |
| Published on : 10 Sep 2008
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| Field PartnerSee all field partners |
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CBMD
Nagpur, Maharashtra
Centre for Bharatiya Management Development (CBMD) is a section 25 company registered under companies' act 1956. With an aim to empower the nation by empowering the poor it launched its microfinance programme on 1st November 2006. Their vision is to reach 1 million poor families by 2016. The organisation?s mission is to support underserved communities by providing access to financial services and livelihood development activities. ... read more
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