She has been running a grocery shop for the last four years and also has worked as the main cook for marriage parties in nearby villages. Her family gets a monthly income of 6,500 INR which is very little to cover her family's expenses. Presently, she, along with her family members, lives in a thatched house.
She wants to access a loan from Mahashakti to purchase rice, oil, sugar, salt, tea, potatoes, onions, garlic, and washing powder, etc. for her grocery shop. This is the first loan of the group from Mahashakti.
The other three members of the group Santoshi, Rashmita and Mutalluama are doing bamboo work, a "leaf plate" business and a grocery shop 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
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This loan has been fully funded!