Durga Maa Group
She is managing a business of leaf plate-making and selling in her locality. Her husband is doing a seasonal business. Ganga has a family of five members consisting of her husband and three children about 18, 12 and 8 years old.
Ganga, along with four other members of her village, formed a group and applied for a loan from Mahashakti Foundation for expansion of their existing businesses. It is the first time the group will take a loan from MSF.
Out of their small incomes they are maintaining their families in a low profile. At present, her monthly income is Rs.5,000 but still it is not sufficient to meet the needs of her family. After learning the business procedure and knowledge, she wants to increase the volume of her business. Now she wants a loan to purchase leaf plates for stitching and wholesaling also.
In future, she wants to establish a grocery shop in her village.
The other members are Waralaxmi, Parvati, Dhanalaxmi and Goureswari and they want loans for leaf plate-making, tailoring, grocery shop and leaf plate wholesaling, respectively.
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!