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Jay Maa Santoshi Group
In this Group: Hemabati , Chandrakanti, Manjula, Jogeswari
In 2010, four women from Risigaon village located in the Khariar block of Nuapada district, one of the poorest districts of India, stepped out and decided to build a secure future for their families with their contributions. They formed a group named Jay Maa Santoshi to access credit from Mahashakti Foundation for development of their existing business.

Manjula is the one standing on the extreme right with her hand raised in the photo. She is 35 years old and lives with her husband, two daughters of 22 and 16 years old and one son of 18 years of age, who help in her business. Manjula hails from a traditional cloth weaving community. For the last 10 years, she has been running a cloth weaving business with her husband. Now she has one hand loom for weaving saris. Her husband purchases the yarn/thread from a trader 20 km away from her village. They prepare 80 to 100 pieces from a bundle of yarn, which costs around 10,000-15,000 rupees.

Manjula does the initial processing of the yarn to make it ready for weaving and after that, her husband fits it to the hand loom and weaves the sari. They only weave saris because of the demand in the market. Her family works around 8-10 hours a day and weaves two pieces of sari from it. Manjula sells her products to the local traders on a weekly basis. She earns a monthly income of Rs.5000, which is not sufficient to maintain her family.

With the present loan, she wants to buy thread/yarn in bulk which will cost around 15,000 INR. Purchasing more stock at a time will help her to reduce the purchasing and transportation costs of the raw materials. Manjula wishes to grow her business and save enough to construct a house and give a better education to her son. Hemabati, Chandrakanti and Jogeswari are the other three members of the group and they also have cloth weaving businesses and Tiffin centres.

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
  • 159
    View loans »
    India Loans Fundraising
  • $5,358,325
    Funds lent in using Kiva
  • 61.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Jay Maa Santoshi Group's $925 loan helped a member to pay for purchasing a bundle of yarn.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Aug 14, 2013
Aug 22, 2013
Currency Exchange Loss: