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Champeswar Group
In this Group: Sumitra, Kumudini, Sanju, Champa, Minakshi
Champeswar is a Joint Liability Group formed in the year 2009 by five active women entrepreneurs of Bhawanipatna town in Kalahandi district of Odisha, India to request a loan from Mahashakti Foundation to expand their existing businesses. Kumudini is one of them. The lady standing in the middle with her hand raised in the photograph is Kumudini. She is 38 years and lives with her husband who is working as a forest guard and three sons of 18, 14 and 12 years who are continuing their studies.

Kumudini has been running a screen printing unit in her house for the last four years with the help of her eldest son. Prior to this, her son was working in a screen printing unit as an assistant. Her son takes orders for printing invitation cards, bill books, certificates, visiting cards etc. from customers within a radius of 20 kilometers. Her average monthly income is 8,000 INR. Her son purchases the materials like chemicals, paper, color etc from the retailers in Bhawanipatna town. Due to her quality work and timely delivery, her business has a good reputation in that locality.This is the third loan for the group from Mahashakti Foundation. With the present loan, Kumudini wants to purchase cards, color and chemicals in bulk from the wholesaler to reduce the purchasing cost as she replenishes her stock frequently. Kumudini hopes to construct a separate cabin for her business and dreams of giving a better education to her sons.

The other four members of the group are Sumitra, Minakshi, Champa and Sanju who are running a Tiffin stall, a betel nut shop, a general grocery shop and a fruits stall, 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
  • 157
    View loans »
    India Loans Fundraising
  • $5,369,475
    Funds lent in using Kiva
  • 54.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Champeswar Group's $2,950 loan helped a member to purchase cards, color and chemicals in bulk .
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Mar 25, 2013
Mar 24, 2013
Currency Exchange Loss: