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Shakti Shree Purusotam Self Help Group
In this Group: Santilata , Usharani , Renubala , Bilasini , Kholana , Pramila , Binati , Santilata
The responsible Shakti Dhree Purusotam Self Help Group is made up of eight members. The members of the group are all women from the district of Dhenkanal in Odisha, India. All the group members are involved in doing different kind of activities.

One of them is Ms. Santilata, who was selected as their president. The lady wearing a yellow saree, sitting first from the left hand side is Santilata.

Santilata is 53 years old and lives with her husband and a child. She is engaged in the activity of making plates, bowls, spoons and other utensils made of brass, and then sells them in the nearby market. These plates are used for different purposes, mainly for serving food, and sometimes are used while performing rituals. She makes different types and sizes of plates and bowls, depending upon the demand of her customers.

Santilata has a plan to expand her business by producing greater quantities of her products, for which she needs machinery with which she can make the plates more frequently and quickly. She also needs raw materials like coal, brass, furnace, etc. She has a very good relationship with her customers because she completes their orders on time.

Santilata, along with her group, Shakti Shree Purusotam Self Help Group, has requested a loan of 240,000 INR for expanding their businesses.

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

  • $4,000
    Average annual income
  • 161
    View loans »
    India Loans Fundraising
  • $5,194,825
    Funds lent in using Kiva
  • 54.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Shakti Shree Purusotam Self Help Group's $4,425 loan helped a member to purchase raw materials like coal, brass, furnace, etc. for her utensil-making business.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 20, 2013
Listed
Apr 2, 2013
Currency Exchange Loss:
Possible