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Maa Jageswari Self Help Group
In this Group: Tikan , Khulana , Ullasa , Dhoi , Ranjana , Swarnaprava , Chhaila , Golap , Sabita , Sodari , Sajani
Maa Jageswari Self Help Group consists of 11 members, of whom all are women residing in the same neighborhood. The members of this group are very responsible and ambitious.

One of them is Tikan, who is a 54-year-old lady living with her husband and her two children. She is engaged in running a small furniture shop. She takes orders from her customers for making doors, chairs, tables, etc., and gets them ready with the help of her labourers. She earns 8,000 INR per month from this activity, which is not sufficient for her family to survive on.

She wants to enlarge her business by taking orders in bulk from her customers and fulfilling their demands on time. She wants to purchase new and advanced tools for making furniture and some wooden logs to prepare ready-made furniture like small tables, coffee tables, etc.

Tikan, along with her group, has applied for the loan amount of 275,000 INR. She has a plan to use her portion of the loan for purchasing the above items. She says that by doing so, her family's monthly income will increase and she will be able to give her family a good living standard.

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

  • $2,900
    Average annual income
  • 0
    View loans »
    India Loans Fundraising
  • $4,390,650
    Funds lent in using Kiva
  • 54.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Jageswari Self Help Group's $5,075 loan helped a member to pay for purchasing wooden logs and some new and advanced tools for her furniture shop.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Apr 10, 2013
Listed
Apr 29, 2013
Currency Exchange Loss:
Possible