For the last five years she has been running a general grocery shop with the help of her husband. She works very hard to meet their family's needs. She needs additional capital for the growth of her business, as her demand from clients is increasing day by day. Therefore Lalita has requested a loan from Mahashakti Foundation, forming a Joint Liability group with three other women of her locality named Binapani. She will purchase a variety of products including flour, pulses, detergents, oils, etc. to keep up with the increased demand of clients.
Lalita and her husband are very hopeful that the loan will be a lucky and productive one for their family. Lalita hopes to give better education to her sons from her additional income.
The other three members of the group are Nilendri, Kumari and Kunti,running a cycle repair mart, an auto-rickshaw business and a fabrication center.
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!