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Maha Laxmi Group
In this Group: Mamata , Urmila , Dalimba , Golapa, Marua
In the year 2010, five active ladies from a rural village called Tukla in the Nuapada district of Odisha, India formed a Joint Liability Group named Maha Laxmi with the intention of expanding their existing businesses by taking a loan from Mahashakti Foundation. Dalimba, an energetic lady of 27 years sitting in the middle of the photo with her hand raised, is one of the group members. She is very active and always cheerful. Her family consists of her husband, one son who is nine and one daughter who is five years old. .Both the kids are studying in the local primary school.

For the last 10 years, Dalimba has been running a clothes vending business and a tailoring center with the help and support of her husband. She purchases saris and ready made garments from the local market as well as from the wholesale market 200 kilometers away. Her husband travels to different villages and weekly markets on a bike to sell saris and garments. Her stock includes saris ranging from 500 INR to 3000 INR. She earns a monthly income of 5,000 INR from her existing business. But her present income is like hand to mouth for her family. So Dalimba wants to raise her income by increasing the volume of her business. Looking into the present scenario at the market, she is planning to purchase some quality saris and fancy garments to sell. Dalimba assumes that this will generate some extra income.

Dalimba has a strong desire to give a better education to her children. She has a dream of giving her family a bright future by doing hard work with sincerity.

The other four members of the group are Mamata, Urmila, Golapa and Marua who are have a seasonal agricultural business, a Tiffin hotel, a general store and a cloth business, respectively.

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
  • 199
    View loans »
    India Loans Fundraising
  • $5,211,575
    Funds lent in using Kiva
  • 54.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maha Laxmi Group's $2,625 loan helped a member to purchase quality saris and fancy garments.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 18, 2012
Currency Exchange Loss:
Possible