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Shaktimayee Group
In this Group: Noorjahan , Saira, Salimun, Chaimani
Chaimani lives in the small town of Bhawanipatna, the district headquarters of Kalahandi district, Odisha, India. She is a headstrong and confident lady. She hails from a poor family of below poverty line. The lady standing at the extreme right with her hand raised is Chaimani. She is 38 years old and lives with her husband, three daughters and one son.

Chaimani has had a bakery factory for the last 15 years with the active support of her husband. Chaimani gets a monthly income of Rs. 8,500 (INR) from the above business. Out of this income, she hardly is able to manage her household expenses. She needs financial support from Mahashakti to purchase sugar, wheat, whole wheat, oil, etc. for making bakery items. She also wants to invest some portion of the loan for the repair of the factory.

In the year 2010, Chaimani, along with other women members of the locality, formed a group named Shaktimayee to avail a loan from Mahashakti Foundation to expand their businesses. This will be their third-cycle loan.

The other three members of the group, Noorjahan, Salimun and Saira, want loans for a meat shop, motor garage and bag business 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
  • 27
    View loans »
    India Loans Fundraising
  • $5,655,475
    Funds lent in using Kiva
  • 63.2
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Shaktimayee Group's $2,300 loan helped a member to purchase sugar, wheat, whole wheat, oil, etc. for making bakery items.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Aug 21, 2013
Sep 25, 2013
Currency Exchange Loss: