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Sri Ram Group
In this Group: Rukmani, Khira, Sabhya, Lalita, Brundabati, Nisha*
* not pictured
In 2009, six women from Muniguda village located in Rayagada district, one of the poorest regions in India, stepped out and decided to build a secure future for their family by sharing the burden of the family with their husbands. They formed a group named Sri Ram (named after Lord Rama who they believe will protect them). One of them is Lalita. The lady standing to the extreme left in the photo is Lalita.

Lalita is 26 years old, living with her husband, two sons aged 9 and 6 and one daughter aged 5. All three of the children are attending school. Lalita started selling vegetables like tomatoes, potatoes, onions etc., and seasonal fruits like mangos and strawberries in the local village market with the help of her husband. Her husband has been involved in vegetable and fruit selling for the last 10 years. He brings stock from the nearby bigger markets which are 300-400 km away and sells to the local wholesalers in their village market.

There was always some left-over stock that was not sold which had to be thrown away as they did not have a storage space of their own. So, Lalita decided to start selling these vegetables on her own by the roadside in the market. She now wants to rent a shop that will help her to have a place to sell the vegetables. It will also help her to buy more stock at a time and house the additional stock of vegetables. Buying more stock will help reduce her frequent travel to the market and eventually transportation and buying costs. A portion of the loan amount will help her to rent a shop in the market and purchase more stock of vegetables and fruits. She would like to grow her business and save enough to have a shop of her own.

Additional Information

Important note about this loan

Due to Indian government regulations, if you fund this loan, you will not be repaid for at least 3 years. This borrower will likely repay your loan much sooner than that, in which case, the Field Partner may re-loan your funds to help other local borrowers. We want you to be aware of this minimum 3-year waiting period and the associated risks before making a loan to Indian borrowers on Kiva. Learn More >

About Mahashakti Foundation

Mahashakti Foundation is a public charitable trust that provides microfinance and development services in the low-income state of Odisha. Operating in the poorest region of India, the organization strives to serve rural communities, tribal groups and others living on less than USD$1 a day. In addition to microcredit, it also provides micro-savings and micro-insurance products, as well as business development, health, water and sanitation, and food security services.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About India

  • $2,900
    Average annual income
  • 19
    View loans »
    India Loans Fundraising
  • $4,519,250
    Funds lent in using Kiva
  • 55.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Sri Ram Group's $1,550 loan helped a member to rent a shop to sell her vegetables and fruits and buy more vegetables and fruits to stock.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 6, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
Possible