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Ugratara Group
In this Group: Sridevi, Laxmi, Rajlaxmi, Lachmi, Ijiya
Sridevi, aged 28, is the leader of a group that hails from Muniguda of Rayagada district of Odisha, India. She lives with her husband and has one son and one daughter, aged 5 and 9 respectively. The member standing in the middle with a raised hand is Sridevi.

Sridevi is running a fancy store keeping ladies items, particularly bags and shoes, with the support of her husband in her locality. Sridevi, along with four other members of her village, formed a group and want to take a loan for the fifth time from Mahashakti Foundation for development of their existing businesses.

Before availing the loan, her sales were not sufficient to meet her daily requirements. She was earning about Rs. 9,000 per month from her business, which is not sufficient enough to maintain her family. Now she is very much confident in running her business. She has a desire to be a wholesaler of bags of different quality and designs. With the loan, she wants to purchase bags and shoes.

The other four members are named Laxmi, Rajlaxmi, Lachmi and Ijiya. They have businesses of a grocery shop, dry foods business, fancy store, and readymade garments shop.

Additional Information

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 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 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

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
  • 194
    View loans »
    India Loans Fundraising
  • $5,211,575
    Funds lent in using Kiva
  • 62.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Ugratara Group's $3,100 loan helped a member to purchase bags and shoes.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jan 10, 2014
Feb 9, 2014
Currency Exchange Loss: