Maa Manikeswari Group
Jayanti is running a grocery shop with the support of her husband in her locality. Jayanti, along with four other members of her village, formed a group and want to take a loan from Mahashakti Foundation for development of their existing businesses for the first time.
Before accessing the loan, her sales were not sufficient to meet her family's daily requirements. She was earning Rs.7,500 per month from her business which is not sufficient to maintain her family. Now she is very much confident in running her business.She has a desire to purchase a refrigerator to keep cold drinks and chocolates to increase her sales.
Of the other three members of the group, Lochani and Sukanti are doing tailoring and Laxmi is doing vegetable vending.
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!