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Maa Mangala Group
In this Group: Upama, Ujal, Chanchala, Bhanumati
In 2010, four women from Bhuliasikuan village located in the Khariar block of Nuapada 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 Maa Mangala (named after a Hindu goddess).Chanchala is standing to the extreme left in the photo. She is 40 years and lives with her husband, father in-law and mother in-law. Chanchala hails from a Below Poverty Line family. For the last 20 years, Chanchala has been running a cloth weaving business with her husband. She has one weaving set. Her husband purchases the yarn/thread for weaving saris from a trader in a village 20 kms away. A bundle of thread produces 80-100 pieces of saris and costs around 10,000-15,000 rupees. Chanchala does the initial processing of the thread to make it ready for weaving. After that, her husband fits it to the weaving machine and starts the weaving work. Chanchala’s husband works around 8-10 hours a day and weaves a single piece of sari. On a weekly basis, Chanchala sells saris to the local traders in her village. She earns a monthly income of Rs 3, 000, which is not sufficient to maintain her family. Chanchala wants to buy thread/yarn in bulk with the loan. Purchasing more stock at one time will help her to reduce the purchasing cost of the raw materials. Chanchala wants to increase her business and save enough to complete the construction of her house.

Upama, Ujal and Bhanumati are the three other members of the group who are running a general grocery shop and a cloth weaving business, and getting support from their husbands for the over all development of 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

  • $4,000
    Average annual income
  • 61
    View loans »
    India Loans Fundraising
  • $4,831,500
    Funds lent in using Kiva
  • 55.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Mangala Group's $1,025 loan helped a member to purchase yarn.
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