Maa Santoshi Self Help Group
Ranjulata 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 growing vegetables and paddy and selling them in the market of the Jajpur district of Odisha, India. She already has had this business for six years, and it is going very well.
At this time, Ranjulata is requesting a loan to buy fertilizers, seeds, and new and advanced tools for farming. She says that this will help her in strengthening the business and responding to client demand.
This group is made up eleven members, all of whom are women. They all are neighbours and friends who formed the group Maa Santoshi Self Help Group (named after Lord Santoshi). The members of the group have selected Ranjulata as their president. The lady sitting second from the left-hand side and wearing a white saree in the photo is Ranjulata. The common goal of the group is to increase their business activity.
Important note about this loanDue 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.
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This loan has been fully funded!