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Bhawanishankar-B Group
In this Group: Parbati, Praphul, Sudeshna, Prabhasini
Parbati, a young entrepreneur, hails from a small town of Bhawanipatna, the district headquarters of Kalahandi district in Odisha, India. The lady standing at the extreme right with raised hand is Parvati.

She is 34 years old and lives with her husband and two daughters, age 15 and 12 and one son, 4 years of age.

Parbati has had a milk business for the last five years with the active support of her husband. Parbati gets a monthly income of INR 9,000 from the above business. Out of this income she hardly is able to manage her household expenses.

In the year 2010, Parbati, along with three other women, formed a group named Bhawanishankar-B to avail loans from Mahashakti Foundation to expand their businesses.

Now she wants to expand her business by purchasing two cows with the financial support from Mahashakti. This will be her third loan.

In future, she wants to prepare milk products and supply them to the nearby hotels.

The other three members of the group, Praphul, Prabhasini and Sudeshna, need loans for a betel shop, a tailoring business, and a carpentry 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

  • $2,900
    Average annual income
  • 1
    View loans »
    India Loans Fundraising
  • $4,520,000
    Funds lent in using Kiva
  • 59.9
    India Rupees (INR) = $1 USD