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Maa Bhairabi Group
In this Group: Tribeni, Arunarani
Arunarani is a housewife aged 31, who lives with her husband and one child in a rural village named Bissam Cuttack in Rayagada district of Odisha state in India. The lady standing on the right, wearing a green colored blouse, is Arunarani. She is running a grocery shop along with her husband. From the above her family gets a monthly income of 8,000 INR which is very difficult to maintain her family with.

She has already accessed three loans from Mahashakti beginning in 2010. Now she wants a loan to purchase rice, oil, sugar, salt, washing powder, soap, potatoes, onions, garlic, ginger, etc. for the expansion of her business. She has an ambition to run a wholesale rice shop to increase her family income and to educate her child in a better school.

Another member of her group Mrs.Tribeni wants a loan for Fancy Goods & Electronics shop.

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
  • 19
    View loans »
    India Loans Fundraising
  • $4,286,275
    Funds lent in using Kiva
  • 59.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Bhairabi Group's $1,475 loan helped a member to pay for the purchase of rice, oil, sugar, salt, washing powder, soap, potatoes, onions, garlic, ginger, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Jul 30, 2013
Listed
Jul 21, 2013
Currency Exchange Loss:
Possible