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Maa Maheswari Group
In this Group: Jayanti, Sanjukta, Saila, Kahara
The name of this group is Maa Maheswari (named after a village deity of the locality). All four women members of this group belong to Kurebhana village in Bolangir district in Odisha, India and are in the BPL (Below Poverty Line) category. People from the BPL category live on less than one dollar a day. Saila, sitting in the middle with her hand raised in the photo, is one of the members of this group. She is 40 years old and lives with her husband, two daughters who are 17 and 15 years old and a son who is 19 years old.

Saila’s husband is landless. He does daily labor and earn a very small income. Saila runs a milk processing unit at her house. She has only one cow, which produces 8 to 10 liters of milk per day. As the milk is not sufficient, Saila and her husband go to three or four nearby villages and collect 200 liters of milk per day to process and produce milk products like Paneer, Chhena (cheese), butter, ghee, khua and Peda (a sweet item made of khua) and sell them to earn an income of Rs 400 to Rs 500 per day in the off season (August-October). In the peak season, i.e. in the marriage season, (November-July) they earn Rs 1,000 to Rs 1,500 per day by selling the milk products. She employs a person to help her in the processing. She has a small freezer to keep the products and supply in the market but it is insufficient for her. With the loan, she is planning to purchase a deep freezer of 1500 kgs capacity to store the milk products for days together and sell them at peak time to earn more profit. In addition, she has a plan to construct a cement kiln for her processing unit. At present, she is educating her children in the nearby high school and college. As providing college education is very expensive, she is trying to increase her income to meet the demands of her children. She has another plan to construct a house, as the present house is crowded..

The other three members of her group (Jayanti, Sanjukta & Kahara) are running grocery shops and a milk business, respectively.

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
  • 162
    View loans »
    India Loans Fundraising
  • $5,194,825
    Funds lent in using Kiva
  • 55.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Maheswari Group's $1,900 loan helped a member to purchase a deep freezer and build a kiln.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Sep 25, 2012
Listed
Sep 13, 2012
Currency Exchange Loss:
Possible