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Maa Mangala Group
In this Group: Rita, Pramila, Bisakha, Rupeswari, Bati
Maa Mangala is a Joint Liability Group formed by five women of Luthurbandh village of Balangir district in Odisha, India in the year 2010. Luthurbandh is a rural village located twenty kms from the nearest town, Titilagarh. The objective of forming the group was to access a loan from Mahashakti Foundation and expand the businesses.

Rupeswari, a headstrong and confident lady, is one of these five women. She hails from a poor family living below the poverty line. The lady sitting in the middle in the photo raising her hand is Rupeswari, She is forty-eight years old and lives with her husband, one daughter of 22 years and one son of 25 years who help her in all activities.

Rupeswari has been running a small dry food vending business for the last eight years. Her husband travels to the six nearest villages for selling of dry food items like bread, rolls, and biscuits, etc. every day. Rupeswari earns a monthly income of 4,000 INR from the above business. With this income, she is hardly able to manage her household expenses. So, she wants to expand her business by taking out a loan from Mahashakti Foundation. With the present loan, Rupeswari wants to purchase more stock of bread, rolls biscuits, etc. This will help her to meet the demand of the customers.

Rupeswari hopes to save enough to construct a house of her own and do wholesaling of dry food items. The other four members of the group are Rita, Pramila, Bati and Bisakha who are running businesses like a tailoring centre, a general store, and milk selling and cloth vending respectively.

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
  • 53
    View loans »
    India Loans Fundraising
  • $4,831,500
    Funds lent in using Kiva
  • 68.0
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Mangala Group's $925 loan helped a member to pay for purchasing bread, rolls, biscuits, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 30, 2013
Listed
Sep 9, 2013
Currency Exchange Loss:
Possible