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Omm Group
In this Group: Chanchala, Gopi, Baidehi, Taruni , Mamata, Dulana
Omm is a group of six active and energetic women from Kusurla village of M. Rampur Block of Kalahandi district in Odisha, India. The Kalahandi district is a most backward district with rural poor people. This group was started in 2010 with the purpose of raising the income level of their families. Gopi is one of them. The lady standing third from the left with the raised hand in the photo is Gopi. She is 39 years old and lives with her husband and two sons aged 22 and 20. Her sons are attending college at M. rampur.

Gopi maintains her family by running a vehicle spares parts shop attached with a repair workshop at the road point of her village, which is two km away from Kusurla, with the help of her husband. She has given employment to three youths in the workshop and is paying each 2000 Indian Rupees (INR) per month. She says that the prices of spare parts 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 her from price fluctuations, Gopi will use the loan to buy spare parts in bulk and store them. She has contacted a spare parts wholesaler to take items of 1.3 lakhs (130,000 INR) in credit with a security deposit of 30,000 INR. This will help her to save the repeated transportation and purchasing costs. Gopi dreams to provide her two sons better technical education like engineering. So she and her husband are working very hard to save money to materialize their cherished dream.

The other members of the group are Chanchala, Baidehi, Taruni, Mamata and Dulana, who have a book store and Xerox center, daily needs shop, general store, barber center and mobile phone repairing center respectively for development of their family condition.

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
  • 169
    View loans »
    India Loans Fundraising
  • $5,194,075
    Funds lent in using Kiva
  • 55.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Omm Group's $3,275 loan helped a member to pay for spare parts.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Sep 10, 2012
Oct 1, 2012
Currency Exchange Loss: