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Rama Swami Group
In this Group: Umapriya, Sabita, Hem, Pindar, Sorojinidei, Anusaya
Rama Swami is the name of this Joint Liability Group. All six active women entrepreneurs of this group belong to Bhawanipatna town in Kalahandi district in Odisha, India. Pindar, sitting back in the group photo with a blue dress, is one of them. She is 47 years of age and lives with her eight-member family comprised of her husband, two sons, two daughters-in-law and two grandchildren.

Pindar is running a refrigerator repair and air conditioner fitting workshop in her house and an auto repair garage in town with the help of her two sons. The refrigerator repair workshop has been running for the last seven years. People from the town and the periphery depend on her workshop. Her son also keeps orders for fitting air conditioners in the vehicles. He covers a distance of 100 kms radius for this work. She has engaged three skilled workers in her workshop @ 3,000 INR each per month. Her monthly net income from these businesses is around 10,000 INR. But in the opinion of Pindar, it is insufficient to manage the workshop as well as the household expenses. Pindar depends on the nearest wholesale market 300 kms. away for purchasing materials like gas and other spare parts. With the loan, she has a plan to purchase gas and spare parts for refrigerator repairs. With this, she will add some extra income to her family to lead a better life. Pindar has a dream of constructing a house for her family as the present one is not comfortable for such a big family.

The other five members of the group are Umapriya, Sabita, Hem, Sorojinidei and Anusaya who run a cycle mart, a fancy store, a cycle store, a Tiffin hotel 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
  • 36
    View loans »
    India Loans Fundraising
  • $5,640,525
    Funds lent in using Kiva
  • 54.8
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Rama Swami Group's $3,150 loan helped a member to purchase a refrigerator, gas and spare parts.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jan 15, 2013
Dec 19, 2012
Currency Exchange Loss: