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Mahaveer Self Help Group
In this Group: Minati , Puspalata , Jhunu , Matiani , Ahalya , Lili , Kumaree , Sabita , Santi , Janak , Rubi , Kumaree , Souri , Sukanti
Minati is 40 years old and lives with her husband and in-laws. She is engaged in selling dried and fresh fish in the market, which is two kilometers away from her village. Her husband catches fish from the Chilika Lake, which is near to their village (Chilika is a famous lake in Odisha known for the migratory birds). The demand for fish in the region is very high as it is consumed by most of the people. She makes dried fish by keeping the fish in sunlight until all the water in it evaporates and preserves them for future use (like when fish are not available in the market, in the rainy season). Dried fish is also used as a supplement to fresh fish.

Minati is requesting a loan to buy a cool storage box for keeping fish, fishing net and insecticides to prevent fish from decaying for her fishery business. She says that this will help her in strengthening the business and responding to client demand.

This group is made up of neighbors and friends who formed the group Mahaveer Self Help Group (SHG). The members of the group have selected Minati as their president. The lady sitting second from the left-hand side in the photo is Minati. The common goal of the group is to increase their business activity.

Additional Information

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.

About India

  • $2,900
    Average annual income
  • 16
    View loans »
    India Loans Fundraising
  • $4,567,350
    Funds lent in using Kiva
  • 54.7
    India Rupees (INR) = $1 USD