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Saan Group
In this Group: Puspanjali, Satarupa, Rajeswari, Puspa
“Saan” (excellence), a joint liability group, was formed in the year 2010 by four active women of Khariar town of Nuapada district in Odisha, India.

Puspanjali is one of the members of this group standing second from the left with her hand raised. She is 29 years of age and lives with her husband and one son of two and a half years. Puspanjali hails from a rural village and is now staying at Khariar in a rented house for her business and the education of her child.

Puspanjali has been running an internet cum photocopy center for the last seven years with the active help of her husband. She has engaged two people in her business in order to provide services to the customers. Apart from the internet work, they also do desktop publishing (DTP) and photo printing work. During her previous two loans from Mahashakti, Puspanjali was able to develop her business by adding an updated computer system, camera, etc. in each loan. From this business, she earns a monthly income of 8,000-10,000 INR.

This is the third loan for Puspanjali and she wants to purchase a photocopy machine, a camera and accessories for her computer center for the smooth running of her business. She expects a good return from this investment.

Puspanjali hopes to establish an educational institute where there will be all types of educational facilities starting from nursery to post-graduation. Puspanjali says she is doing all these things for her son, who in the future will look after her business. The other three members of this group are Satarupa, Rajeswari and Puspa, who are running a restaurant, a photocopy center, and a watch 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
  • 36
    View loans »
    India Loans Fundraising
  • $5,640,525
    Funds lent in using Kiva
  • 53.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Saan Group's $2,975 loan helped a member to pay for purchasing a photocopy machine, a camera and computer accessories.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Mar 31, 2013
Apr 27, 2013
Currency Exchange Loss: