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Mahalaxmi-2 Group
In this Group: Sanjukta, Kiranmayee, Manilata, Santilata
Sanjukta, a young and energetic lady of 35 years, is residing in a slum area of Bhawanipatna town in the Kalahandi district of Odisha, India. She, along with other three women of her locality, has formed a group named Mahalaxmi-2. The lady standing second from left with raised hand is Sanjukta. She lives with her husband, two daughters and one son.

Sanjukta is running a bricks-selling business with the help of her husband. She herself runs her own brick kiln and sometimes purchases bricks from other vendors and supplies them to contractors and house builders. Her monthly net income from the bricks business comes to 10,000 INR. There is a heavy demand for her product due to the growing demands of house construction.

To improve her business, she wants to take a loan from Mahashakti. From the loan, Sanjukta has planned to purchase materials like firewood, sand, coal and rice bran for her business. Sanjukta has a dream to provide better education to her children and construct a house of her own in due course.

The other three members of her group, Santilata, Kiranmayee and Manilata, are doing a fruits business, tailoring and an auto repairing center, 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
  • 52
    View loans »
    India Loans Fundraising
  • $4,824,950
    Funds lent in using Kiva
  • 54.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Mahalaxmi-2 Group's $900 loan helped a member to pay for purchasing materials like firewood, sand, coal and rice bran for the brick kiln.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 25, 2013
Listed
Mar 25, 2013
Currency Exchange Loss:
Possible