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Jay Maa Dasaren Group
In this Group: Puspanjali, Banita, Minakshi, Damayanti
Puspanjali, an active married lady of 30, is a resident of a rural village called Nehna in the Nuapada district of Odisha, India. Nuapada is one of the poorest and least developed districts with 85% rural population. The smiling lady standing second from the right with raised hand in the blue sari is Puspanjali.
She resides with her husband, two sons, age 10 and 8, and one daughter, age 2.

She and her husband have operated a fancy store for the last 10 years and work hard continuously to meet their day-to-day expenses.
Puspanjali’s business is basically a small general store with retail groceries, beverages, lady fancy items, stationery, chocolates, etc. There is a girls' school near her store and mostly girl students come to her store to purchase fancy items and stationery.

She gets the supplies at wholesale prices from the nearest market and sells the items with a minimal profit. Puspanjali gets a monthly income of 3,000 INR from the present business, which makes it very hard for Puspanjali to manage her family. Due to financial constraints she cannot store more items and has to face losses due to frequent purchase of items and transportation.

To increase the income of her family, in the year 2010 Puspanjali, along with other three like-minded women of her village, formed a group named Maa Dasaren. Puspanjali wants to use the present loan for purchasing more items like hair bands, ribbons, talcum powder, bangles, pens, pencils, etc.

Puspanjali hopes with confidence to give a better education to her children and dreams to construct a pucca (permanent) house to have a good life through all her hard work in her business.

The other three energetic group members are Banita, Minakshi and Damayanti who are doing tailoring and milk businesses.

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
  • 198
    View loans »
    India Loans Fundraising
  • $5,211,575
    Funds lent in using Kiva
  • 52.7
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Jay Maa Dasaren Group's $1,075 loan helped a member to pay for purchasing of talcum powder, bangles, cosmetics, stationery, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Oct 20, 2012
Oct 17, 2012
Currency Exchange Loss: