Pratima is 49 years old and lives with her husband, two daughters of eighteen and sixteen years old and two sons of twenty-two and twenty years. She hails from a poor family of south Odisha and migrated to western Odisha for business purposes. Pratima is a very hardworking lady having strong self-confidence.
Pratima has been running a dry fish wholesaling and retailing business for the last twenty years in her town and nearby villages, with the help of her husband and sons. She supplies dry fish in bulk to the retailers within a radius of twenty kms and covers four weekly markets for retailing.
Pratima brings dry fish in bulk from the coastal belt of south Odisha, which is 350 kms away from her home town, and stores it up in her local storeroom. Her monthly net income from the present business is around 10,000 INR. According to Pratima, it is very hard to manage her big family and plan for the future development of her business with this small income.
So, with the present loan, Pratima has planned to purchase more stock of dry fish for the coming lean season (June – September). She has a dream to construct a house for her sons and get her daughters and sons married in a respectable manner.
The other four members of her group, Binapani, Anita, Annapurna and Puspa, are running a fruit stall, vegetable wholesaling, milk and general grocery shop businesses respectively.
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 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 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.
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This loan has been fully funded!