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Samaleswari Group
In this Group: Farzana, Nrupamani , Parwati, Sushama, Santoshi
Farzana, an active Muslim married lady of 27, is a permanent resident of Khariar town of Nuapada in Odisha, India. The energetic lady standing on the extreme right with raised hand in the photograph is Farzana. She resides with her husband and one son of three years old. To increase the income of her family, in the year 2013, Farzana, along with four other older women clients of Mahashakti Foundation formed a group named Samaleswari to access loans from Mahashakti Foundation. This is the first loan for her and fourth loan for the other members.

Farzana herself has been running a fancy store in the daily market of Khariar town for last fifteen years with the help of her husband. She basically sells ladies' items like bangles, talc, combs, oil; face cream, plastic items, cosmetics, ornaments, etc. Farzana brings the stock for her fancy store from the wholesale market 200 kms away, that is from Raipur. Presently she is selling fancy items amounting to 1500 INR to 2000 INR per day from which she gets 15 to 20 %. profit. From this small income she is hardly able to cover her family expenses. So she wants to increase the volume of her business to increase the income.

From this loan amount, Farzana purchases fancy items like bangles, talc, combs, oil; face cream, plastic items, cosmetics, ornaments, etc. in bulk to save the transport cost and loss due to rate fluctuation. Farzana assumes that this investment will be profitable for her. She hopes to provide better education to her son and develop her business into a wholesale store in future.

The other four members of the group are Parwati, Nrupamani, Santoshi and Sushama who are running vegetable vending businesses in the daily market.

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
  • 132
    View loans »
    India Loans Fundraising
  • $5,414,825
    Funds lent in using Kiva
  • 68.0
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Samaleswari Group's $975 loan helped a member to pay for purchasing bangles, talc, combs, oil; face cream, plastic items, cosmetics, ornaments, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Aug 31, 2013
Sep 9, 2013
Currency Exchange Loss: