Maa Tarini Group
Ranjita lives with her husband and two sons, who are 6 and 4 years old. To work and earn some income, Ranjita started a home shop business five years ago with her own investment. In 2010, when Ranjita got confidence in being able to run this business, she and five other like-minded women of her locality formed a group named Maa Tarini for availing loans from Mahashakti Foundation to develop their businesses.
Ranjita specially sells ladies fancy items like bangles, talc, plastic items, cosmetics, ornaments, etc., from her house. Apart from that, she has a tailoring machine stitching ladies garments. Ranjita buys stock for her home shop in her town. Presently, she is selling fancy items worth 300 Indian rupees (INR) to 500 INR per day, from which she gets 15 to 20% profit. From this small income, she barely manages her family's expenses. So, she wants to increase the volume of her business to increase her income.
With this present loan, Ranjita wants to purchase ladies fancy items and different varieties of bangles. Ranjita is confident enough to have a business of her own and hopes to give a better education to her two sons.
The other five energetic group members are Ful, Kousalya, Nirupama, Duhita and Saibalini who are running a carpenter and meals supply, broiler, meals hotel, vegetable vending business and tailoring centre respectively.
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
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This loan has been fully funded!