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Basudev Group
In this Group: Mamata, Sabutri, Gayatree, Sushila , Pausa, Laxmi
Dakuluguda is a remote tribal village of Rayagada district in Odisha, India. Most of the inhabitants of this village are tribal. In the year 2010, six active women entrepreneurs in this village formed a group named Basudev to access a loan from Mahashakti Foundation to expand their existing businesses. Mamata is one of them. The lady standing third from right, touching the flour-milling machine, is Mamata. She is an energetic lady of 30 years who lives with her husband, one son who is nine years old and one daughter who is 13 years old. Both her children are continuing their primary education in the village school.

Mamata has been running a wheat flour milling business in her village with a single machine for the last five years. Her husband is helping her in this business. She earns a daily net income of 400 INR from the existing businesses. Out of this income, she has been able to manage her household expenses in a decent manner. So Mamata is planning to increase her income by expanding the business. Looking into the demand of the locality, with the present loan, Mamata wants to put another two units of machine in her center. One is for processing flattened rice and another is for wheat flour. She is convinced that this will generate a handsome income for her. Mamata hopes to save enough money to provide a better education for her children and construct another hall for the new machines.

The other five members of the group are Sabutri and Sushila who have a general store business, Laxmi who has a Tiffin center with a fast food center, Gayatree who has a tailoring center and Pausa who has a barber shop businesses, 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
  • 153
    View loans »
    India Loans Fundraising
  • $5,195,225
    Funds lent in using Kiva
  • 59.6
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Basudev Group's $2,975 loan helped a member to purchase machinery for flattened rice and wheat flour milling.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 21, 2013
Listed
Jun 30, 2013
Currency Exchange Loss:
Possible