The main business of this community is making hand fans of bamboo and selling them in the market, railway station and bus stand and nearby villages. The income they get from this is hand-to-mouth for them. To overcome this situation, in the year 2010 six women of this community formed a Joint Liability Group named Mirabai to access a loan from Mahashakti Foundation to add some extra income for their family so as to improve their existing status. Bisaya, aged about 41, is one of them. The lady sitting second from right with raised hand in the photograph is Bisaya. She lives with her husband, one son of 25 years and two daughters of 20 and 18 in a small house.
Bisaya is doing her traditional business of bamboo crafts (making bamboo hand fans).All Bisaya's family members do the processing work and make hand fans. Bisaya procures the raw materials from a distant place, 100 kilometer away. Bisaya sells the finished products in the town, railway station and bus stand. She earns a monthly income of 5000 INR from her business. This small income is barely enough for Bisaya to manage her family expenses. So to meet the expenses smoothly, Bisaya wants to increase the income of her family. From the present loan she is planning to purchase raw bamboo and coloring for making more hand fans. She believes that this will help her to increase her income level to some extent. Bisaya dreams of repairing her house and constructing another room for her family.
The other five members of the group are Gulapi (running a rice business along with tailoring) and Labani, Rabi, Gita and Sonia doing the same business of bamboo hand fan weaving.
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!