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Manikeswari Group
In this Group: Dashami, Prafulla , Hemanti, Nirupama
In the year 2010, four women from the village Gadramunda of Nuapada district of Odisha, India united together and formed a Joint Liability Group named “Manikeswari". They formed the group to avail a loan from Mahashakti Foundation for the further development of their existing business. All of them hail from poor backgrounds. Hemanti is the one who is standing second from the right in the photo with a raised hand. She is 47 years old and resides with her husband and a son of twenty-five years.

Hemanti has a vegetable cultivation farm in her village, with a water pump and a traditional water-lifting facility from the dug well. She and her husband look after the farm. They produce vegetables like brinjal (eggplant), cauliflower, carrots, cabbage, chilies, cucumbers, papayas, ladies finger (okra), popcorn, etc. on the farm. Traders come to her farm for buying the produce. Apart from this, her son has an air compressor and vehicle tyre-repairing center in the nearby town.

Hemanti earns a monthly income of 8,000 INR from the above businesses. For future development of her family, Hemanti wants to expand her business by taking a fresh loan. This is the second loan for her, and she has planned to utilize a part of the loan to buy fertilizer and farm inputs like seeds and pesticides for her farm, and another part of the loan for purchasing accessories for her son’s repairing center. She expects a good return from this investment. Hemanti dreams to construct a house and for her son to get married.

The other three members of this group are Nirupama, with a milk business, Dashami, with an electrical center, and Prafulla, with a vegetable cultivation and vending business.

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

  • $4,000
    Average annual income
  • 201
    View loans »
    India Loans Fundraising
  • $5,212,200
    Funds lent in using Kiva
  • 59.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Manikeswari Group's $950 loan helped a member to purchase fertilizer and farm inputs like seeds and pesticides.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jul 20, 2013
Jul 24, 2013
Currency Exchange Loss: