Maa Ugratara Group
The lady standing on the extreme right with raised hand in the photograph is Lacha. She lives with her husband and her mother in-law. The main source of income for Lacha is selling milk and daily wage earning. She works in the nearest papermill as a daily wage earner. She purchased two cows from the first loan she took out from Mahashakti Foundation.
When Mahashakti Foundation started housing loans, Lachha, along with three other women of her village formed a Joint Liability group named Maa Ugratara to access this loan. It was a blessing for them because they are living in small houses. Lacha wants to repair her house and add on another room from the present loan. The other three members of her group are Ganga, Sujata and Rasmita. The group members are very happy with this support.
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 loanDue 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
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.
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This loan has been fully funded!