Maa Durga Group
In the year 2010, she, along with five other like-minded women of her locality, formed a group named “Maa Durga” for availing a loan from Mahashakti Foundation to develop her business. To engage herself and earn some income, Rupisha started a dry food-making and selling business five years ago with her own investment.
The local name of the dry food is “badi”. Traditionally, the badis have been prepared by grinding the urad pulse (split black gram dal) in a sil-stone (traditional stone grinder, operated manually). Badi is a food item which can be eaten with rice, even by roasting it in fire. It is also a food item that tastes very good when it is fried with onion and garlic and is eaten with overnight-cooked water rice (pakhala). So, it is very popular in Odisha.
Rupisha prepares six/seven types of badi and supplies at wholesale to the retailer twice a week. From this business, she earns a monthly income of 7,000 INR. With this small income, she barely manages her family's expenses. So, she wants to increase the volume of her business to earn some extra income.
To acquire maximum output, Rupisha wants to purchase a grinder for grinding split black gram dal and purchase two quintals (200 kilograms) of black gram for stock. This will save her time and energy, and also reduce the purchasing cost of black gram. Rupisha is confident enough to have a business of her own and hopes to construct a house.
The other five group members are Bishakha, Sukanti, Malti, Sobhagini and Kunti, managing businesses of tailoring centre, vegetable vending, badi/papad-making and selling, furniture works, and tiffin centre respectively.
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 loanDue 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.
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This loan has been fully funded!