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Panchashakha Group
In this Group: Laxmi, Ramita, Jyotshnarani, Labnya, Haripriya
Panchasakha Joint Liability Group was formed in the year 2009 by five women from M. Rampur town in the Kalahandi district of Odisha, India. The purpose was to take a loan from Mahashakti Foundation and expand their businesses. Jyotshnarani is one of the members. The lady standing in front in the photograph with her hand raised is Jyotshnarani. She is 24 years old and lives with her husband and seven-month-old daughter. Jyotshnarani’s husband has been running a multifarious business that includes a photocopy center, stationary store, thread wholesaling and a cloth center for the last 12 years. After marriage, Jyotshnarani has been helping her husband. All these trades are running under one roof. Jyotshnarani 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, Jyotshnarani wants to purchase more stock of cold drinks, stationary, thread and blouse pieces. This will help her to reduce her purchasing and transportation costs, as she has to replenish her stock frequently. Jyotshnarani hopes to save enough to start a kid’s readymade garment shop and give a better education to her only girl child. The other four members of the group are Laxmi, Ramita, Labanya and Haripriya who are running a fancy store, a book stall, a Tiffin and meals hotel and a photo studio, respectively.

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
  • 126
    View loans »
    India Loans Fundraising
  • $5,421,200
    Funds lent in using Kiva
  • 55.6
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Panchashakha Group's $3,475 loan helped a member to purchase cold drinks, stationary, thread and blouse pieces to sell.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
May 6, 2013
May 28, 2013
Currency Exchange Loss: