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Baba Dhabaleswar Group
In this Group: Sujata, Chandrama , Kanak, Bhumi
Baba Dhabaleswar is a Joint Liability Group formed in the year 2012 by four active women entrepreneurs of Titilagarh town in Bolangir district in Odisha, India to avail a loan from Mahashakti Foundation to expand their existing business. Kanak is one of them. The lady standing on the extreme left in the photograph is Kanak. She is a very shy lady of 45 years who lives with her husband and one son who is 20 years old and studying in an engineering college out of state. She also has two daughters who are married and staying in their in-law’s houses. The lady standing on the extreme right with her hand raised is Sujata, the leader of the group.

Kanak has been running a screen printing and polymer stamp making unit in her house with the help of her husband for the last 20 years. Kanak takes orders for printing invitation cards and making polymer stamps and supplies ready made invitation cards to the customers. Her daily net income in marriage season (December-June) is 2000 INR and in normal season is 500 to 1000 INR. Her husband purchases the materials like chemicals, paper, polymer, color etc from the nearest wholesale market in Bolangir. To help her with the screen printing, she has engaged two skilled workers. Due to the quality work and timely delivery, her business has name and fame in the locality. With the loan, Kanak wants to purchase cards, polymer, color and chemicals in bulk to reduce the purchasing cost as she replenishes her stock frequently. Kanak says that with this business she married her two daughters in a befitting manner and was able to send her son to school for his engineering degree. Now she hopes to construct a pucca house as the present house is a tile one.

The other three members of the group are Sujata, Chandrama and Bhumi who run a General store, a Tent House and a fast food center.

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
  • 32
    View loans »
    India Loans Fundraising
  • $4,518,075
    Funds lent in using Kiva
  • 55.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Baba Dhabaleswar Group's $725 loan helped a member to purchase cards, polymer, color and chemicals.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 22, 2012
Listed
Dec 3, 2012
Currency Exchange Loss:
Possible