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Maa Ram Chandi Group
In this Group: Papi, Puspanjali, Rangabati, Somarani
Puspanjali who is about 46 is standing on the extreme left with her hand raised in the photo. She is an active member of a JLG named Maa Ram Chandi located in Muniguda village of Rayagada district of Odisha, India. Muniguda is a small town bordered by a green forest, a mountain range and one river. Maa Ram Cchandi group consists of four energetic women who are running some businesses for the financial upliftment of their families.

Puspanjali resides with her husband, one daughter aged 23 and one son aged 18 who are studying in college. She runs a small general store at Muniguda with the help of her husband. She sells rice, sugar, potatoes, oil, soap, toothpaste, etc. She also makes leaf plates with her daughter to add some supplementary income to her family. Puspanjali earns a monthly income of 5,000 INR from the existing businesses, but as the maintenance cost has increased, the present income is not sufficient for her to manage the family. Previously, her group has already taken three loans from Mahashakti Foundation and repaid the entire loans on time. This time, she plans to use the loan for the purpose of including more spices items and stationary items like notebooks, pencils, pens, and compasses for students in her general shop. She hopes this will generate more income for her family. Puspanjali hopes to see her daughter as a nurse and her son as a police inspector and get them married into a well-reputed family.

The other three members of the group are Somarani, Papidei and Rangabati who run a Tiffin hotel, sell leaf plates at wholesale and run a barbershop.

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
  • 165
    View loans »
    India Loans Fundraising
  • $5,355,125
    Funds lent in using Kiva
  • 54.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Ram Chandi Group's $2,350 loan helped a member to purchase notebooks, compasses, pens, pencils, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Oct 19, 2012
Nov 18, 2012
Currency Exchange Loss: