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Maa Chandi Thakurani Self Help Group
In this Group: Bishnupriya, Mamata, Banita, Susama, Santilata, Rajanirani, Srimati, Sabita, Basanti, Bilasini
The featured borrower of this group is Bishnupriya who is sited second from left with register in picture. She lives in Eastern India in the state of Odisha with her husband and two children in a joint family with her husband’s parents, his elder brother and his elder brother’s wife. Bishnupriya's husband and his brother work at the local petrol pump to provide for the family. However, their earnings are not enough to support all the household expenses, so Bishnupriya is requesting a loan so she can buy a cow to raise and bring in extra income for the family.

She has never been in a business before, but she is excited to start and contribute to the household needs. While she only finished primary education, she says, “I want a better future for my children, I want them to be highly educated and settled in a good way.”

She says thank you to People’s Forum and Kiva for helping her get this loan and helping her family improve their livelihoods.

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.

Tags

About India

  • $4,000
    Average annual income
  • 189
    View loans »
    India Loans Fundraising
  • $5,207,575
    Funds lent in using Kiva
  • 61.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Chandi Thakurani Self Help Group's $2,425 loan helped a member to purchase her first cow to start a milk business.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 30, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
Possible