Maa Samlei Group
The main business of this community is making hand fans out of bamboo and selling them in the market, railway station and bus stations and nearby villages. The income they get from this is used hand-to-mouth for them. To overcome this situation, in the year 2010 six women of this community formed a Joint Liability Group named Maa Samlei with the positive intention of accessing a loan from Mahashakti Foundation for the all round development of their family, to improve the existing situation.
Lata, a vocal and active lady aged about 36 is the leader and also the featured member. She is sitting on the extreme right in the photograph with raised hand. She is married and lives with her husband, one daughter of 13, a son of 11, and 9-year-old twins.
Lata is operating a traditional business of bamboo hand fan making and marketing. Lata and her husband jointly do the processing work and make hand fans. They procure the raw bamboo from a distance of 100 kms. Her husband goes by train to bring back the material. Both the wife and husband sell the finished products in the town market, railway & bus station. Apart from the making of hand fans, Lata also procures finished products from the neighbors and sells them in bulk to traders from other places.
Lata earns a monthly income of 5000 INR from this business. According to Lata, this small income is not at all sufficient to meet the requirements of her family. So she wants to raise her production for more income. From the present loan she is planning to purchase more raw bamboo to last for a longer period and also purchase finished products to supply. Lata hopes to construct a house and provide better education to her children and lead a prestigious life.
The other five members of the group are Suchi, Kalyani, Surya, Gouri and Ritu who also operate the same business of hand fan making and selling.
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
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.
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This loan has been fully funded!