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Subhashree Group
In this Group: Tamala, Rebati, Sainta, Rashmita
Rashmita is the Leader of a group that hails from Muniguda in Rayagada district of Odisha, India. She is a married woman of 25 years of age. The member standing second from the right with raised hand is Rashmita.

Rashmita has been managing a business of leaf plate making and selling in her locality. Her husband is doing a business of selling of utensils (made from aluminum), moving from market to market. During 2010 Rashmita along with other three members from her village formed a group and took out a loan from Mahashakti Foundation for expansion of their existing businesses.

At the time of accessing their first loan, Rashmita was earning the sum of Rs.3,000 per month. Thereafter her income grew rapidly, commensurate with her business turnover. Out of their small income they are maintaining their family in a low profile. To improve her living conditions and to earn some extra income, she accessed a second loan. Now she is very much confident in running her business and has developed her shop significantly.

At present her monthly income is Rs.5,000 but still it is not sufficient to cater for the needs of her family. After learning business procedure and knowledge, she wants to increase her business size. Now she wants a loan to purchase leaf plates as well as aluminium utensils. In future she wants to establish an ornament shop at Muniguda Market.

The other three members, Rebati, Tamala and Sainta, have a grocery shop, a salon and leaf plates businesses 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.

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About India

  • $2,900
    Average annual income
  • 1
    View loans »
    India Loans Fundraising
  • $4,521,175
    Funds lent in using Kiva
  • 61.9
    India Rupees (INR) = $1 USD