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Om Namah Sivaya - A Group
In this Group: Rohini, Bhumisuta, Malati , Droupadi
Omm Namah Sibaya (the name of one Hindu god believed to protect) is a group of four active and energetic women from Duajhar village, Khariar Block of Nuapada district in Odisha, India. This group was started in 2010 with the purpose of raising the income level of the families.

The featured member, Bhumisuta, is one of them. The lady standing to the far right and raising her hand in the photo is Bhumisuta. She is 37 years old, and lives with her husband, two sons, aged 17 and 15, and mother in-law. Her sons are attending college. For the last ten years, Bhumisuta has maintained her family by running a small business making and selling sweets with the help of her husband. She specially makes a locally popular sweet named “Khurma” (fried dough dipped in sugar syrup). Her husband uses his moped every day to supply the product to wholesalers in the local market as per their orders. Bhumisuta also supplies sweets for functions in their village as per the order of the customer.

Bhumisuta and her husband cook for six hours in an open fire every day, making 50–60 kg of sweets with a daily expenditure of 2,500 INR. Bhumisuta needs to replenish her stock of raw materials such as dough, oil, sugar, and firewood once a week. She says that the prices of raw materials are changing very frequently and that she has been a victim of the price rise many times due to her frequent replenishment cycle. To safeguard herself from price fluctuation, Bhumisuta will use the loan amount to buy raw materials such as oil, dough etc. in bulk and then store them. This will help her to save the repeated transportation and purchasing costs. Bhumisuta dreams of buying a four-wheeler in the near future to make the transporting and supply of her manufactured products very smooth with low transportation costs. So she and her husband are working very hard to save money to help their cherished dream materialize.

The other members of the group are Rohini, Malati, and Droupadi who run clothes and grocery shop businesses to help support their families.

Additional Information

More information about this loan

Mahashakti Foundation focuses its work in some of the most underdeveloped districts in Odisha, characterized by poor infrastructure and high levels of poverty. By supporting this loan, you are enabling access to finance for women living in some of India's poorest and most remote areas.

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
  • 48
    View loans »
    India Loans Fundraising
  • $4,515,775
    Funds lent in using Kiva
  • 55.6
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Om Namah Sivaya - A Group's $2,600 loan helped a member to pay for purchasing of oil,dough etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Sep 5, 2012
Listed
Sep 13, 2012
Currency Exchange Loss:
Possible