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Maa Jogamaya Group
In this Group: Dasmati, Sanjukta, Balmati, Subarnna, Lakshi
Lakshi is 31 years old. She lives with her two sons of 13 and 7 years, one daughter of 11 years and her husband in their own home at Bolangir of Odisha, India. The lady standing with the raised hand and the smiling face is Lakshi.

Lakshi is an admirable woman; she had to educate and raise her children on her own. To do so, she has been running a business selling broiler chickens for the last seven years in her home town. She works eight hours a day and is well known by her customers, who know that she sells quality broilers. She earns a net profit of 300 INR per day.

To increase her business, Lakshi, along with four other women members of her locality, formed a Joint Liability Group for availing a loan from Mahashakti Foundation. This is her second loan from the organization, and she wants use the loan to purchase more numbers of broilers and make a shed for safety. She hopes to develop a poultry farm in the future and give a better education to her children.

The other four members of her group are Sanjukta, Dasmati, Balmati and Subarnna, running businesses of fast food & tiffin center, tailoring center & vegetable vending, tea stall, and vegetable vending 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
  • $4,392,250
    Funds lent in using Kiva
  • 59.7
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Jogamaya Group's $1,175 loan helped a member to purchase more broilers and make a shed.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 20, 2013
Listed
Aug 1, 2013
Currency Exchange Loss:
Possible