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Jalakanya Group
In this Group: Sandhya, Puspanjali, Banalata, Ramadebi
In the year 2010, Puspanjali, of Bissam Cuttack village in the Rayagaga district in Odisha, formed a group with three other women of her locality named “Jalakanya” with the intervention of Mahashakti Foundation. The lady standing at the extreme right raising her hand in the photo is Puspanjali.

She is a 38-year-old single woman living with her son, age 7 years. She belongs to a Below Poverty Line family (BPL), a segment living on less than a dollar a day.

Puspanjali started her leaf plate business four years ago on a small scale and has been working hard to grow her business. She makes plates woven out of dry leaves at her house and local traders in the village come and collect them every week. She makes 1,000 to 1,500 plates each week. These plates are biodegradable, disposable, hygienic, and an inexpensive alternative to modern paper or plastic utensils. These are widely used by local food stalls and hotels to serve food. She gets her supply of leaves and bamboo twigs used for stitching from local sellers in the market and sun-dries them for two days to make them ready to be stitched.

Currently, the stock she buys from the local sellers is enough for her to make plates for one day and sell the next day. She wants to have enough stock to support her business during the monsoon as well when she cannot get dry leaves. The present loan will be used by her to buy more stock of leaves and bamboo twigs.

Puspanjali dreams of building a small concrete house for her family and giving proper education to her son. Puspanjali says, “By successful management of my loans, I have gained more confidence in myself, and I hope that I can do even better to support my family in future.”

The other three members of the group, Banalata, Ramadebi and Sandhya are running a leaf plate making and selling business, a tea stall and a vegetable vending business, 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
  • 160
    View loans »
    India Loans Fundraising
  • $5,194,825
    Funds lent in using Kiva
  • 60.6
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Jalakanya Group's $925 loan helped a member to pay for purchasing of more stock of leaves and bamboo twigs.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 12, 2013
Listed
Jul 2, 2013
Currency Exchange Loss:
Possible