She is 31 years old, living with her husband, one daughter, age 3 and one son, 8 months old. She has been involved in the leaf plate business for the last 10 years. 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 in a 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.
Gouri gets the supply of the leaves and bamboo twigs used for stitching from the 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 leaves 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. So the present loan will be used by her to buy more stock of leaves and bamboo twigs. This additional income will supplement her income during bad weather times when it might be difficult to dry leaves.
Gouri dreams of building a small concrete house for her family and giving a proper education to her children.
The other four members of her group are Pramila, Rabannama, Jaya and Lalita who are running a transporting business with leaf plate trading, a milk business, a tailoring centre and a laundry business, respectively. Since the formation of Chatrapati, all members of the group have been working hard and continue to work with unity, honesty and sincerity.
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
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.
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This loan has been fully funded!