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Binapani Group
In this Group: Nilendri, Kumari, Kunti, Lalita
Lalita, the lady standing second from right with raised hand in the photograph, is a 36-year-old housewife. She belongs to a poor family of "scheduled caste, below poverty line". She is very active and energetic. She lives with her husband and two sons of six and one year old in Titilagarh town of Balangir district in Odisha, India.

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.

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
  • 125
    View loans »
    India Loans Fundraising
  • $5,421,200
    Funds lent in using Kiva
  • 57.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Binapani Group's $675 loan helped a member to pay for purchasing of flour, pulses (lentils), detergents, oils, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
May 30, 2013
Jun 13, 2013
Currency Exchange Loss: