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Maa Narayani Self Help Group
In this Group: Sulochana, Basanti, Rasmita, Urmila, Dulla, Kunei, Hina, Manguli
Sulochana is 46 years old, married and has children. She lives in the village of Khurda district in Odisha, India. Sulochana is a housewife who is very happy and responsible. She alternates her household activities with her work in her business.

She has a business of running an auto rickshaw in the Khurda district of Odisha, India. She already had this business for four years, and it is going very well. At this time, Sulochana is requesting a loan to buy new auto rickshaw and hire a driver for that. She says that this will help her in strengthening the business.

This group is made up of neighbours and friends who formed the group Maa Narayani Self Help Group. The members of the group have selected Sulochana as their president. The lady standing second from the left side in the photo is Sulochana. 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
  • 19
    View loans »
    India Loans Fundraising
  • $4,286,275
    Funds lent in using Kiva
  • 54.2
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Narayani Self Help Group's $1,500 loan helped a member to purchase a new auto rickshaw for her transport business.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 7, 2013
Listed
Feb 26, 2013
Currency Exchange Loss:
Possible