Maa Tarini Group
Hemalata is running a business of milk-selling with five milking buffaloes and her husband is running a daily needs store with items like bread, jam, soap, shampoo, toothbrushes, toothpaste, cold drinks etc. From their two businesses they earn a monthly income of 10,000 INR. The daily needs store of Hemalata’s husband in a center point of the town and for his good behavior, people like to purchase from his store. But due to financal problem he could not meet the demand of the customers. Therefore, Hemalata is helping her husband by taking loan from Mahashakti Foundation. From the previous four loans, her husband has been able to keep stock of the daily needs items and trying to fill the demand of the customers.
From the present loan Hemalata wants to purchase stock of bread, jam, soap, shampoo, toothbrushes, toothpaste, cold drinks, etc. for her husband’s business. From this investment she expects a good return for the total development of her business. With this extra income she is planning to repair and renovate her buffalo shed.
Hemalata hopes to develop her daily needs shop into a wholesale store. The other three members of this group are Pramila, Aneli and Gomati who are running a general grocery shop, a fancy store, and mobile phone repairing and selling center respectively. The group members are thankful to Mahashakti Foundation and KIVA for the continuous support.
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
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This loan has been fully funded!