Sai Shakti Group
Ch.Ramadevi has been running a scrap trading business for the last five years with the hand-holding support of her husband. She has also a grinding machine in her house. Ch.Ramadevi gets a monthly income of INR 8,000 from the above businesses. Out of this income she hardly is able to manage her household expenses, and she has not been able to save for her daughter’s marriage and future uncertainties.
In the year 2011, Ch.Ramadevi, along with three other women, formed a group named Sai Shakti to avail loans from Mahashakti Foundation to expand their businesses. Now she wants a second cycle loan for purchasing more scrap for the improvement of her business.
In future, she wants to have her daughter married in a respectable family of her locality and in a befitting manner. She also wants to establish a hotel in future.
The other three members of the group, Sapna, Sasmita and K.Kameswari, need loans for a fast food stall and tiffin (light meal) business, a leaf plate making and selling business, and a goldsmith business, respectively.
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
75View loans »