Maa Laxmi Group
The lady sitting second from left raising her hand in the photo is Anadi. She is the Group Leader. She is 38 years old and is living with her husband, her only daughter who is eight, her two sons who are 20 & 18 and her father in-law. Anadi hails from a very poor, landless, illiterate Schedule Caste (SC) Below Poverty Line family. Anadi's community is socially, economically and educationally very backward and far from the mainstream. One will hardly find graduates in their community. Anadi resides in a small hut with her family.
Anadi is running a business preparing and selling different items made of a rope that is made from plastic cement bags. She took over the business from her fore fathers who used to make rope from cow and buffalo skin. The items are used particularly for tightening domestic animals like cows, buffalo, sheep, goats etc, for manually extracting water from a well by using a tin bucket and other works related to cultivation. Her husband and younger son help Anadi in the total process from collection of empty cement bags from the contractors and builders, processing of string into small wires and making the plastic rope items to selling the products. They sell them in five weekly markets each week. Her family works 8-10 hours daily to make those items. Her husband procures empty cement bags at Rs 2/- per bag. In a week, she earns almost 1000-1500 INR from this business. She gets around 40% profits. Her elder son works as a salesman in a grocery shop, but in comparison to all this i.e. the labor, transporting and material costs, this is not at all cost effective. So very miserably, she manages her family. Presently, the stock she buys from her locality is not enough for her to make items for the entire week. Her husband moves frequently to collect empty bags, which is very time and energy consuming and hampers her production. She wants to have enough stock to support her business uninterrupted. The loan will be used by her to buy more stock of empty cement bags and a bicycle for her son to earn some extra income.
Anadi dreams of building a small pucca (permanent) house for her family and for the marriage of her elder son. The other three members of her group are Rashmita, Debaki and Jasoda who are doing a similar business of making ropes.
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 loanDue 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.
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This loan has been fully funded!