Shree Shree Hariharadev Self Help Group (SHG) has 11 members who are all from the same neighbourhood. The lady sitting third from the left in the photo is Rasmita, who is the leader of the group. Rasmita is 25 years old and married to a fisherman from Balugaon village in Odisha, India. Rasmita lives with her in-laws and her husband takes care of all the household expenses. She helps her husband sell fish. Her husband goes to the lake every morning to fish and she sells those fish in the market as fresh fish and keeps some of them to dry (Drying the fish is a way of preserving the fish for future use by drying them in the sun until the water is completely evaporated) and sells them as dried fish. Demand for dried as well as fresh fish is very high in the region.
All the members of this group are engaged in selling fresh and dried fish in the market. In order to strengthen the business and respond to client demands, Rasmita and her group Shree Shree Hariharadev Self Help Group (SHG) has requested a loan of 165,000 INR to purchase fishing nets and storage boxes to keep fish. Their goal is to increase their business activity.
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 People's Forum
People’s Forum is a development organization based in Odisha, India that provides affordable loan products and support services to women. The organization distinguishes itself by reaching out to particularly marginalized groups, including leprosy-affected families, widows, single mothers, and disabled persons. People’s Forum will harness Kiva’s flexible, zero-interest capital to serve even more borrowers in one of the poorest regions of India.
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.