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Maa Bhagabati Group
In this Group: Bijayalaxmi, Kuni, Jhunubala, Rina, Kama
This group’s name is Maa Bhagabati (name of a local deity) formed in the year 2009. Its five members are all women from the Rayagada district in Odisha, India. Rayagada is a tribal district of Odisha where 85% of the population is rural and 65% of them belong to the BPL (Below Poverty Line) category. People from the BPL category live on less than one dollar a day.

Among the members, Kuni is the most active person. The lady raising her hand in the photo is Kuni. She is 45 years old. She has been running a grocery store with the help of her husband for the last 10 years. She sells daily household items like rice, sugar, oil, soap, spices, biscuits etc. in her village. She initially started a leaf plate business in her house and grew to owning a grocery shop. Her husband helps her in running the grocery shop. She is always looking for growth and now wants to grow her retail shop into a wholesale shop. A portion of the loan will be utilized by her to buy a huge stock of items such as rice, sugar, spices, etc., of whatever she is selling, to make it into a wholesale shop.

She also wants to simultaneously increase the volume of her leaf plate business. She says there is a lot of demand for these plates during the monsoon season and wants to buy more stock of raw materials to store enough finished plates for the high demand season. Some of her loan will be utilized by her to buy more stock of raw materials like leaves and bamboo twigs. The beauty in this group is that she buys finished leaf plates from the other members of the group who also make leaf plates. These plates are biodegradable, disposable, hygienic, and an inexpensive alternative to modern paper or plastic utensils. These are widely used by local food stalls and hotels to serve food.

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
  • $4,286,275
    Funds lent in using Kiva
  • 55.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Bhagabati Group's $1,100 loan helped a member to buy more stock of items like rice, spices, etc. for her grocery shop and expand her retail shop into a wholesale business.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Aug 25, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
Possible