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Maa Durga Group
In this Group: Baidehi, Sandhya, Basumati, China
Sandhya is the leader of a group that hails from Sergad village of Norla block of Kalahandi district of Odisha, India. She is a married woman of 27 years of age having two sons aged 9 and 5 years. The member standing second from right with raised hand is Sandhya.

Sandhya sells fish as her business in her locality. Her husband was helping her in this business. In the year 2010, Sandhya along with three other members of her village formed a group and took out a loan from Mahashakti Foundation for the expansion of their existing business.

At the time of accessing that first loan she was earning a 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 business significantly. At present her monthly income is Rs.5,000 from her fish business which is still not sufficient to cater for the needs of her family. She has a dream to have fish wholesale business after getting a loan from Mahashakti Foundation.

The other three members named Baidehi, Basumati and China are doing seasonal business, a grocery shop and a fish 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.

Tags

About India

  • $4,000
    Average annual income
  • 157
    View loans »
    India Loans Fundraising
  • $5,195,225
    Funds lent in using Kiva
  • 61.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Durga Group's $2,075 loan helped a member to purchase fish.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Oct 25, 2013
Listed
Oct 18, 2013
Currency Exchange Loss:
Possible