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Maa Sarala Group
In this Group: Sita, Mamata, Danda, Chanchala, Saebani
In the year 2010, five rural poor women from Chhatapipal village of Bolangir district in Odisha, India, formed a group named Maa Sarala to access loans from Mahashakti Foundation to expand their existing businesses.

Danda is one of them. The only sitting lady in the photograph is Danda. She is 32, very poor, and lives with her husband, three sons, age 15, 8 and 6, and one daughter, age 13. Her family belongs to the below poverty line (BPL) category. People from the BPL category live on less than one dollar a day.

Danda has been running a general store in her small village for seven years with the help of her husband. She sells general grocery items like oil, sugar, lentils, biscuits, and stationery such as books, pens, etc. She was able to increase the varieties of items at her general store with her scanty savings and increase her cash flow. Her monthly cash income from the existing business is around INR 4,000. Apart from this, she also gets some income in kind as the barter system is still prevailed in rural pockets. Out of this income she has been able to manage her household expenses.

As per the statement, she was able to increase the varieties in her shop but not the inventory. She wants to increase stock of her business. So the loan amount will be used to purchase items like lentils, oil, soap, washing powder, shampoo, etc. for her general store. This will help her to reduce her purchasing and transportation costs as she replenishes her stock from the nearest town thrice in a week. Danda hopes to save enough money for building a good house for her family as the present house is very small and congested.

The other four members of the group are Mamata, Saebani, Sita and Chanchala, who are running an electrical shop, a milk business, and a grocery shop.

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
  • 13
    View loans »
    India Loans Fundraising
  • $4,567,350
    Funds lent in using Kiva
  • 55.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Sarala Group's $1,275 loan helped a member to pay for purchasing of lentils, oil, soap, washing powder, shampoo, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible