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Narayani Mission Shakti Self Help Group
In this Group: Khulana, Laxmipriya, Ashalata, Guna, Kuntala, Binodini, Kama, Sundari, Chhabila, Kamala, Shailabala, Kunatala
Khulana is a 46-year-old lady living with her husband and her two children. She runs a snacks stall in her village; she has a few years of experience in this activity. She sells snack items like samosas (fried dough stuffed with potato curry), 'Idli' (a popular recipe of south Indian origin made by steaming a batter consisting of fermented black lentils and rice), 'Wada' (lentil doughnuts) etc. in her shop.

She wants to expand her business by selling more of the items she sells now and to make a display case for her shop for the products she cooks. She says that doing so will attract more customers to her shop.

Khulana, along with her group, has requested a loan amount of 240,000 INR. She wants to utilize her portion of the loan for purchasing raw materials like potatoes, spices, edible oil, lentils, rice, etc. and for making a display case for her shop. She has a dream of having her children study in a good school and saving some money for their future.

Narayani Mission Shakti Self Help Group has 12 members of which all are women, and are all neighbours.

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.

Tags

About India

  • $4,000
    Average annual income
  • 52
    View loans »
    India Loans Fundraising
  • $4,831,500
    Funds lent in using Kiva
  • 64.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Narayani Mission Shakti Self Help Group's $3,750 loan helped a member to pay for purchasing potatoes, spices, edible oil, lentils, rice, etc. and for making a display case for her shop.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 31, 2013
Listed
Sep 1, 2013
Currency Exchange Loss:
Possible