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Maa Mangala Group
In this Group: Bijayalaxmi, Ratni, Chandrakanti, Bimala, Malati
In the year 2010 five women from Bhawanipatna of Kalahandi district in Odisha, India formed a group named Maa Mangala to access a loan from Mahashakti Foundation and expand their business. Bimala is one of them. The lady standing on the extreme right with a yellow color sari in the photo raising her hand is Bimala. She is 46 years old and lives with her husband and two sons aged 23 & 20. Her two sons are helping Bimala in running the business.

Bimala has been running an electrical goods selling business for last 10 years. Her elder son supplements in her business. She sells electrical goods like bulbs, wire, tube lights, frames, holders etc. Bimala was able to increase the variety of items at her electrical shop with the previous two loans from Mahashakti Foundation and increase her cash flow. Her monthly income from the existing business is 6,000 Rupees. Out of this small income she is hardly managing her household expenses.

As per the statement of Bimala she was able to increase the variety of items in her shop but not the inventory. She wants to increase stock of her business. This is the third loan for Bimala and from this loan amount she is planning to purchase electrical items like bulbs, tube lights, frames, holders, sockets etc. This will help her to reduce her purchasing and transportation costs as she will replenish her stock frequently. Bimala hopes to save enough for building a permanent house. The other four members of the group are Bijayalaxmi, Chandrakanti, Ratni and Malati who are running fast food center, tea and tiffin stall, tiffin hotel and betel shop 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
  • 157
    View loans »
    India Loans Fundraising
  • $5,369,475
    Funds lent in using Kiva
  • 54.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Mangala Group's $1,225 loan helped a member to purchase electrical items like bulbs, tube lights, frames, holders, sockets etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
May 8, 2013
May 22, 2013
Currency Exchange Loss: