This group is called “Hari Omm” (named after the Hindu Lord Vishnu). All four members of this group are women from the village of Thakpali and are in the Below Poverty Line category. Thakpali is located in the district of Nuapada, one of the poorest districts in India. Tanaya is one of the members of this group. She is raising her hand in the photo. She is 31 years old and lives with her husband, two sons age 11 and 9 and a daughter age 13. All her children are attending schools in her locality. Her staple occupation is farming, from which she gets a low return, making it very difficult to maintain her family. So she thought of an additional income source and started a milk business with the help of her husband in the year 2010. Now she has five cows producing 20 liters of milk per day. Tanaya’s husband supplies this milk to a restaurant in a nearby town on a daily basis. As there is growing demand for milk in her locality, Tanaya plans to use a portion of her loan to purchase another cow of an improved variety and the rest to repair the cow shed and purchase fodder. Tanaya has a dream of developing a dairy farm in the future and providing a better education for her children.
The other three members (Padmini, Patanti and Khamani) are running a general store, selling dry food and running a spices business.
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.