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Bhawani Shankar Group
In this Group: Babita, Ratnamala, Bindu, Sabita
In the year 2010 Bhawani Shankar, a Joint Liability Group, was formed by four women of Bhawanipatna town of Kalahandi district in Odisha, India with an objective to add some extra income to their family by taking out a loan from Mahashakti Foundation. Babita is one of them. The lady standing second from left with yellow sari is Babita. She is 38 years of age, and is a straightforward, confident and hardworking lady, living with her husband, one son aged 15, and two daughters aged 17 and 12 who are studying in college.

Babita is running a dairy farm with 15 cows. Her husband helps her in nurturing the cows and the milk supply. The primary work of Babita is to clean the cow shed every morning and keep the shed clean. Babita gets 20 liters of milk daily and supplies it to a sweet stall in her town. She gets payment from the stall owner on weekly basis. Babita earns a monthly net income of 6000 Indian Rupees (INR) but it is not sufficient to manage her household expenses along with the educational expenses of her children. Therefore to earn some extra income Babita has planned to utilize the present loan for purchasing another two cows of an improved variety. Babita has a dream to save some money for the marriage of her daughters and to construct a house.

The other three members Ratnamala, Bindu and Sabita are selling dry food at wholesale, an auto repair and servicing center, and a tailoring center. Since inception Babita has been managing her group with utmost sincerity and earned a very good repute in her locality.

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
  • 33
    View loans »
    India Loans Fundraising
  • $5,654,350
    Funds lent in using Kiva
  • 55.0
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Bhawani Shankar Group's $2,275 loan helped a member to purchase cows.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Oct 23, 2012
Dec 1, 2012
Currency Exchange Loss: