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Radha Krushna Group
In this Group: Lalita, Anjali, Dhanmati, Kshiramati, Mukula
This Joint Liability Group named Radha Krushna consisting of five active, cheerful women entrepreneurs of Tukla village under Nuapada district in Odisha, India, came out with a new venture to contribute some extra income to their family by accessing credit by forming a group in the year 2009. Mukula is one of them who is sitting in the middle raising her hand in the photo. She is 43 years old, living with her husband and two sons aged 32 and 30 years.

Mukula is a very energetic and hard-working lady. Traditionally she is running a cloth weaving unit in her house. Presently she has three hand looms for weaving of saris. Mukula has engaged two skilled laborers to help her in weaving. Mukula pays Rs.100/- as labor charges to the weavers. Her husband also weaves saris in the first half of the day and in the second half moves to different villages by bike for selling. From this business Mukula earns a net income of 6,000 INR which is not sufficient to manage her family and plan for future. Her husband brings raw materials (yarn/thread) from a nearby town on both cash and credit basis and gives the finished products to the same merchant, which does not give fair returns. So she is planning to utilize the whole loan amount to purchase more stock of yarn.

This will help her to arrest some unnecessary expenses resulting from frequent movements to bring in raw materials. The role of Mukula in the business is to do the work of processing yarn. Mukula wants to save some money for the marriages of her two sons in the near future and construct a house. The other four members of the group are Lalita, Anjali, Kshiramati and Dhanmati who are doing jewellery-making work, general store, tailoring and cloth weaving 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

  • $2,900
    Average annual income
  • 7
    View loans »
    India Loans Fundraising
  • $4,390,650
    Funds lent in using Kiva
  • 54.9
    India Rupees (INR) = $1 USD