Maa Dhabalei Shg Group
For 10 years now, Benga has been running a food stall business. She works from 6 a.m. to 7 p.m. daily and is able to make a good profit each month. With her profit, she built a house and covers part of home and children's school expenses.
This is Benga's first loan request from Kiva's partner People's Forum. She will use this loan to pay for groceries like maize, baking flour, rice, beans, bananas and meat. She hopes to build a house that has a room for her business.
Benga will share this loan with her loan group, Maa Dhabalei Shg, which has nine members. The members of the group will hold each other accountable for paying back the loan. All the members are very responsible and dedicated to their businesses. They are engaged in separate business activities like milk selling, fish selling, flowers selling, etc. All the group members are very excited and happy to take this opportunity to say "Thank you" to Kiva for its support.
More information about this loan
This loan is designed for single mothers, widows and unmarried women, who are often excluded from Self-Help Groups in India. Many of these women, usually with families to support, do not have access to microfinance and often work as casual labor or domestic help. Self Help Groups are hesitant to accept them due to the social stigma attached to their status and very few microfinance organizations offer loans to individuals. By supporting this loan, you are enabling a poor woman in India to establish or grow her business.
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 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.
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This loan has been fully funded!