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Rajashree-B Group
In this Group: Sasmita, Soudamini, Kumudini, Rohini, Premlata
Premlata is a 50-year-old married woman from the town of Bhawanipatna of Kalahandi District, Odisha, India. The lady standing on the extreme left with a raised hand is Premlata. She lives with her six-member family consisting of her husband; two sons, ages 25 and 22; and two daughters of 20 and 14 years of age. She is a very kindhearted, hardworking and enthusiastic women who always makes efforts to get her family ahead.

Premlata has been running a general grocery shop for 12 years. Initially she started the business with a low profile selling limited items like potatoes, soap, sugar, tea dust, tobacco, chocolates, etc. Gradually she expanded her business and added extra items regularly. Due to her good behavior, her business grew very fast.

In the year 2010, with her able leadership, Premlata along with four other women of her locality formed a joint liability group named Rajashree-B to take out a loan from Mahashakti Foundation for the development of their businesses. All members hail from a poor background in the "below poverty line" category. This is the third loan for her group.

With the last three loans, Premlata has been able to add some grocery items like dough, vegetables, oil and spices. Every day from the early morning, she starts her work for a stretch of ten hours. Now she is earning 500 Indian rupees daily from her business – which is not sufficient for her to manage the business. Premlata is planning to diversify her business by adding some daily needs food items. So, with the present loan, she has planned to buy biscuits, mixture, cake, bread, cold drinks, etc., in bulk. She also wants to purchase a refrigerator for storing the food items. She expects to increase her sales and income, which will serve to ensure the education and welfare of her children. Premlata hopes to build a house and get her children married into respectable families.

The other four members of the group; Sasmita, Kumudini, Rohini and Soudamini, are running a betel nut shop, running a restaurant, selling vegetables wholesale and running a cloth store business.

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
  • 155
    View loans »
    India Loans Fundraising
  • $5,195,225
    Funds lent in using Kiva
  • 53.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Rajashree-B Group's $2,525 loan helped a member to pay for purchasing biscuits, cake, bread, cold drinks, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Mar 25, 2013
Apr 27, 2013
Currency Exchange Loss: