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Jay Sriram Group
In this Group: Damayanti , Smitarani, Tapaswini, Gayatri , Pankajini
In the year 2010, five women from M. Rampur town in the Kalahandi district of Odisha, India formed a group named Jay Sriram to take a loan from Mahashakti Foundation and expand their businesses. Tapaswini, the head strong lady, is one of them. The lady standing on the extreme left in the photo raising her hand is Tapaswini. She is 30 years old and lives with her husband and two-year-old daughter.

Tapaswini has been running a Tiffin stall for the last 10 years with the hand holding support of her husband. Initially, Tapaswni started this business with her small investment. Gradually she developed her Tiffin stall business with the loan support from Mahashakti Foundation. As of today, she has taken three loans from Mahashakti and successfully expanded her business. The sweet items from her stall are very popular in the locality. Tapaswini gets a monthly income of 7,000 INR from the business. Out of this income, she is barely able to manage her household expenses along with her business expenses. So she wants to expand her business by taking a loan from Mahashakti Foundation. From the present loan of 36,000 INR, Tapaswini wants to purchase more stock of oil, dough, sugar, etc. This will help her to reduce her purchasing and transportation costs as she has to replenish her stock frequently. She also wants to use some portion of the loan to repair her Tiffin stall. Tapaswini hopes to save enough to build a good house of her own and give a better education to her only girl child.

The other four members of the group are Damayanti, Smitarani (who is running a daily needs and betel shop), Gayatri (who is running a medicine store) and Pankajini (who is running a barber shop).

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
  • 36
    View loans »
    India Loans Fundraising
  • $5,654,125
    Funds lent in using Kiva
  • 55.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Jay Sriram Group's $3,050 loan helped a member to purchase more stock of oil, dough, sugar, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
May 6, 2013
May 24, 2013
Currency Exchange Loss: