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Maa Gayatri Group
In this Group: Sanjuta, Saraswati, Anusuya, Sindhu
In the year 2009 five active ladies from the weaving community in a rural village called Tukla of Nuapada district of Odisha, India formed a Joint Liability Group named Maa Gayatri with an intention to expand their existing business by taking a loan from the Mahashakti Foundation. Anusuya, the energetic lady of 40 years sitting second from right with raised hand, is one of them. She is very active and always cheerful. Her family consists of her husband, one son aged seventeen, and three daughters aged twenty-five, twenty-three and twenty.

From last twenty five years Anusuya is running a cloth vending business with the help and support of her husband.As this is their traditional business, her husband was already doing this business before her marriage. After marriage both of them are managing the business. She purchases saris from the local market and from the weavers of her village and brings the ready-made garments from a wholesale market 200 kilometers away. Her husband moves to different villages and weekly markets on a bike for selling saris and garments.

She earns a monthly income of 8,000 Indian Rupees (INR) from her existing business, but that is not sufficient to manage the business expenses as well as the household expenses for her six-member family. So Anusuya wants to raise her income by increasing the volume of her business. Looking into the coming festive season, from the present loan she is planning to purchase some quality saris and fancy garments for selling. Anusuya assumes that this will definitely generate a handsome amount of extra income. Anusuya has a dream to save enough money for the marriage of her daughters in a respectable manner.

The other three members of the group are Sanjuta with Tiffin business and Saraswati and Sindhu with cloth vending business.

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
  • 200
    View loans »
    India Loans Fundraising
  • $5,211,575
    Funds lent in using Kiva
  • 59.6
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Gayatri Group's $2,625 loan helped a member to buy quality saris and fancy garments for resale.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 3, 2013
Currency Exchange Loss:
Possible