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Bublen Group
In this Group: Sunanda, Saraswati, Rebati, Tapaswini, Basanti
Tapaswini, aged 40 years, is a very active lady from a rural village called Tetelkhunti of Balangir district in Odisha, India. Tetelkhunti village is remotely located and out of reach of basic facilities. Tapaswini leaves with her husband and one son of seventeen years. Tapaswini has been running a bicycle repair business for the last twenty years with the help of her husband. Her husband also sells bicycle spare parts to his clients at reasonable rates. He has very good technical skills in his occupation and his customers from 10 or12 nearby villages trust him very much. He brings cycle spare parts thrice in a month from the nearby town Titilagarh, which is 15 kms. away from the village.

From the present business Tapaswini earns 200 INR per day, which is hand to mouth for her. Due to this situation, till now she has not been able to construct a good house for her family. So these poor circumstances compel Tapaswini to search for a credit source for the expansion of her business. To fulfill her dream, In the year 2013 Tapaswini, along with other four poor women from her village, formed a Joint Liability Group named Bublen. She has applied for a loan from KIVA partner Mahashakti Foundation for further expansion of her husband’s business. She will use the loan to buy bicycle repair tools and spare parts in larger quantities, which will help her provide better services to her clients and increase her profits. Tapaswini hopes to build a permanent cycle repairing cabin in her village.

The other four members of the group are Sunanda, Saraswati & Basanti with puffed rice businesses and Rebati with a tailoring center.

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
  • 72
    View loans »
    India Loans Fundraising
  • $4,845,425
    Funds lent in using Kiva
  • 57.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Bublen Group's $1,175 loan helped a member to pay for purchasing bicycle repair tools and spare parts.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 30, 2013
Listed
Jun 13, 2013
Currency Exchange Loss:
Possible