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Maa Mangala Self Help Group
In this Group: Ulash, Ambika, Lochana, Ranjana, Sukanti, Basanti, Latamanjari, Ullasini, Gitanjali
In 2006 a group of nine women came together from a small village in Odisha and formed Maa Mangala Self Help Group. Ulash was selected as the leader of Maa Mangala Self Help Group. The lady standing in the second position from the right side of the photograph is Ulash. Ulash is 45 years old, married, and living with her husband and her only child. She has been involved in a milk business for past seven years. She has two cows and she wants to purchase one more cow because the demand for milk is high and she is not able to meet the growing demand of the customers in the market.

Ulash has applied for a loan to purchase a cow and fodder and also wants to repair her cattle shed. This business will help her to support her child's education. She says that this loan can help to increase her income, which will help her to purchase the study materials for her child's education and to pay her child's tuition fees.

Additional Information

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 People's Forum

People’s Forum is a development organization based in Odisha, India that provides affordable loan products and support services to women. The organization distinguishes itself by reaching out to particularly marginalized groups, including leprosy-affected families, widows, single mothers, and disabled persons. People’s Forum will harness Kiva’s flexible, zero-interest capital to serve even more borrowers in one of the poorest regions of India.

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
  • 21
    View loans »
    India Loans Fundraising
  • $4,519,250
    Funds lent in using Kiva
  • 64.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Mangala Self Help Group's $3,500 loan helped a member to pay for purchasing a cow, cow fodder and to repair her cattle shed.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 31, 2013
Listed
Aug 29, 2013
Currency Exchange Loss:
Possible