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Jai Ganesh Group
In this Group: Mamata, K.durga
Mamata, aged about 28 years, resides with her husband and two children at Bissam Cuttack of Rayagada district in Odisha, India. The lady standing on the right in the photograph with blue colored saree is Mamata. In the year 2010 she accessed her first loan from Mahashakti Foundation.

Presently Mamata is running an aluminum utensil and bell shop in her locality. She earns about Rs.9,000 per month from her business. According to Mamata, the present income is not at all sufficient for her to manage the household expenditures. So she wants to expand her business to earn some extra income.

She has already accesssed three loans from Mahashakti. This is her fourth cycle loan. From the present loan she wants to invest in purchasing more utensils and bells to increase the turnover of her business. Mamata has an ambition to educate her children in a better school.

Another member of her group, K. Durga needs a loan to invest in her Ornament Shop & Photo Studio.

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
  • 0
    View loans »
    India Loans Fundraising
  • $4,520,000
    Funds lent in using Kiva
  • 59.9
    India Rupees (INR) = $1 USD