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Maa Kalijai Group
In this Group: Anusaya, Gori, Tikina, Ramakumari, Sasmita
In the year 2012, five active women entrepreneurs of Muniguda town of Rayagada district in Odisha, India formed a group named Maa Kalijai to access a loan from Mahashakti Foundation to expand their existing business. Sasmita is one of them. The lady standing on the extreme left with a raised hand in the photograph is Sasmita. She is an energetic lady of 23 years who lives with her husband and only son, three years old

Sasmita is has been running a silver jewelry shop in her house for the last two years. Her husband is running a utensils-selling business by moving to nearby villages and weekly markets via a moped. Previously, he was running a utensils shop in a cabin but due to lack of capital, he could not continue the same successfully. So Sasmita formed this group and took a loan of 14,000 INR from Mahashakti Foundation to invest in her business. She added another 36,000 INR from their savings and with a capital of 50,000 INR, gave a new look to the present business. They started two businesses. One is silver jewelry selling at the home for her and the other is the utensils business for her husband for mobile vending. As Sasmita had experience managing a similar type of business from her parental house, she is successfully managing her jewelery shop. Sasmita’s family earns a daily net income of 500 INR from the existing two businesses. Out of this income, she has been able to manage her household expenses in a decent manner. Sasmita buys the jewelry as well as the utensils from the local wholeseller twice a month. With the present loan, Sasmita wants to increase the stock of utensils by purchasing in bulk. This will help her to reduce the purchasing cost as she replenishes her stock frequently. Sasmita hopes to save enough money to provide better education to her only child and build a house for her own.

The other four members of the group are Anusaya, Tikina, Ramakumari and Gori who are successfully running small enterprises.

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
  • 7
    View loans »
    India Loans Fundraising
  • $4,390,650
    Funds lent in using Kiva
  • 54.4
    India Rupees (INR) = $1 USD