Maa Mangala Group
Jharana manages a small grocery shop in her locality. Her husband does seasonal business in her village moving from market to market. In 2010 Jharana, along with other three members from her locality, formed a group and took a loan from Mahashakti Foundation for develop their existing businesses. This is the third loan for Jharana from Mahashakti Foundation.
At the time of accessing her first loan, her husband was accustomed to attend weekly markets of nearby villages for seasonal business. Out of their small income, they are maintaining their family in a low profile way. To improve her living condition and to earn some extra income, Jharana accessed a second loan and constructed a shed in her house and started selling grocery items. Now she is very much confident in running her business and has developed her grocery shop significantly. At present her monthly income is Rs.5,000 but that is not sufficient to lead a better life. So, she wants to take a further loan to add some extra items like rice, pulses (lentils), sugar, tea, flour, oil and other grocery items. She has a cherished dream to educate her children in a better school/college so they can get employment in the government sector.
The other three members are Susila, who has a fast food centre, and Sujata and Labanyabati who make and sell leaf plates.
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!