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Maa Laxmi Group
In this Group: Bilasini , Kumari, Suraja, Kasai
In the year 2013, four young ladies from a tribal village named Basuguda in the Rayagada district of Odisha, India formed a Joint Liablity Group called Maa Laxmi to take house-repairing loans from Mahashakti Foundation. Kumari is the featured member of this group. The young lady standing second from left with a raised hand is Kumari. Kumari is 30 years age and lives with her husband and three-year-old son. All the members of this group are marginal farmers with small pieces of land. Kumari’s husband works on his agriculture farm where he cultivates cotton and pulses (legumes). Kumari works in a rice mill as a daily wage earner. From the small income of 4,000 INR per month, Kumari barely manages all the expenses of her family. Due to this poverty situation, as of today they have not been able to build a good house. With her present loan, Kumari wants to purchase cement, bricks, etc. to renovate her mud house and create another room for her family. The other three members of her group are Bilasini, Sujata and Kasai who are also planning to modify their houses. All the members of this group are very happy with this good inventiveness of Mahashakti Foundation.

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 Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

About India

  • $4,000
    Average annual income
  • 34
    View loans »
    India Loans Fundraising
  • $5,650,575
    Funds lent in using Kiva
  • 54.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Laxmi Group's $1,025 loan helped a member to purchase cement, bricks etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
May 8, 2013
May 23, 2013
Currency Exchange Loss: