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Maa Budhithakurani Shg Group
In this Group: Sukanti, Debjani, Annapurna, Pupsalata, Soudamini, Rita, Suka, Santilata, Rubina, Sumitra
Sukanti, pictured here in the blue sari second from left in the first row, is the president of Maa Budhithakurani Self Help Group (SHG). She is 26 with two children and formed this group to help the women in her village improve their livelihoods so they can better support their families. Together, the women in the group live in a small village in the coastal region of Odisha, a state in Eastern India. Most of the women either raise fish, work in dairy farming, or operate small individual businesses in the village.

Sukanti will use a portion of her group's 150,000 rupee loan to expand her fishery. Specifically, she will buy fish food and baby fish to raise in a pond near her house. She is confident that increasing the number of fishes she raises will increase her family income and allow her to have enough money to send her kids to extra tutoring courses in the evenings so that they will be able to perform better in their studies and get a good education. It will help a lot for her family to be more independent, she says, and also earn a better standard of living. Her husband works as a mechanic and she will use some of the profits from her fishery to invest in his business as well.

The women in Maa Budhithakurani SHG dream of purchasing a large pond so they can raise more fish together and earn more profits.

Additional Information

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 People's Forum

People’s Forum is a development organization based in Odisha, India that provides affordable loan products and support services to women. The organization distinguishes itself by reaching out to particularly marginalized groups, including leprosy-affected families, widows, single mothers, and disabled persons. People’s Forum will harness Kiva’s flexible, zero-interest capital to serve even more borrowers in one of the poorest regions of India.

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.

About India

  • $4,000
    Average annual income
  • 189
    View loans »
    India Loans Fundraising
  • $5,210,575
    Funds lent in using Kiva
  • 62.2
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Budhithakurani Shg Group's $2,425 loan helped a member to buy fish food and baby fish to raise in her fish pond.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 31, 2013
Listed
Nov 30, 2013
Currency Exchange Loss:
Possible