Om Shanti Group
Runukar is a tailor. During 2010, she, along with three other members from her village formed a group and for the first time they took out a loan from Mahashakti Foundation for the development of their existing businesses. Runukar’s husband does seasonal business. At present her family income is Rs.4,500 per month which is not sufficient to maintain the family.
To improve her living conditions and to earn some extra income, she wants to access a loan. From the loan she will purchase a Pico Machine. She has a dream to educate her only son in a better school for better education and have a shop of her own.
The other three members named Ranjita, Sumitra and Subashini have a grocery shop, tailoring and Leaf plate businesses 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!