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Maa Santoshi Group
In this Group: Sabitri , Phaguni*, Mira , Subarna, Santa , Lata
* not pictured
The name of this group is “Maa Santoshi” (named after a Hindu goddess .This group was formed in the year 2009 and includes six women members who are in the Below Poverty Line category from the village of Chhatapipal in the district of Bolangir in Odisha; India. Bolangir district is one of the poorest districts in India. The main issue in Bolangir is migration for daily labor. Lata is one of the members of this group. She is standing second from the left in the photo in a blue colored sari. She is 31 years old and lives with her husband, two sons (8 & 6 years old) and one daughter (13 years old). All her children are attending school in the same village. She has a little patch of land where her husband cultivates vegetable. Lata is running a milk business since last 5 years. She has two cows. She purchased one of the cows with her previous loan. Lata is getting 10 liters of milk per day. Her husband supplies this milk to a milk processing unit in a nearby village. To maintain her family of five, the present income is insufficient and Lata is facing lots of financial trouble to manage her daily expenses. So, as there is growing demand for milk in her area, she will use this loan to purchase another cow of an improved variety to add some extra income to her family. Lata says this will help her to save some money for the marriage of her daughter and to provide a better education for her two sons. Lata has a dream of developing a dairy farm in the future and constructing a house.

The other five members of this group are Mira, Sabitri, Subarna, Santa, and Phaguni. They are running a grocery shop, a milk business and growing vegetables.

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
  • 36
    View loans »
    India Loans Fundraising
  • $5,654,125
    Funds lent in using Kiva
  • 55.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Santoshi Group's $1,425 loan helped a member to purchase a cow.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Sep 25, 2012
Sep 16, 2012
Currency Exchange Loss: