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Maa Laxmi Group
In this Group: Parbati, Kanti , Manju , Rashmita, Harabati, Bhagyabati, Lambai, Parbati, Jayanti, Anadi, Bhukei*, Mahalati, Arun, Radha, Jashomani
* not pictured
Maa Laxmi Self Help Group (SHG) was formed in January 2014 and consists of fifteen rural poor women belonging to the below-poverty-line category. This group is located in a remote rural village named Turekela, in the Balangir district of Odisha, India. Vegetable cultivation and vending is the primary source of livelihood for most of the members of this group.

Parbati is one of the members among them. The lady standing third from left in the back row with brinjal (eggplants) in her hand is Parbati. She is a very active lady of 31 years of age. She lives with her husband, two sons and two daughters.

Parbati has a vegetable cultivation farm of one hectare. She and her husband manage the farm. Her husband is an active and cheerful farmer. They produce vegetables like brinjal, cauliflower, carrots, cabbage, chilies, cucumbers, papaya, lady’s finger (okra), onions, etc. on the farm. She sells her products to the traders from the nearest town who come to take vegetables from her farm.

Parbati says that she earns a minimum amount of 5,000 INR per month from this business. This is insufficient to meet the day-to-day expenses of her family as well as the farm expenses. Parbati wants to expand her business by taking a loan from Mahashakti Foundation. She will utilize the present loan to buy fertilizer and farm inputs like seeds and pesticides for her farm. She expects a good return from her business by expanding her cultivation.

Parbati dreams to construct a house and purchase a water pump for a better irrigation facility for her farm. She also hopes to give her whole family a bright future through her hard work.

The other fourteen members of this group are also involved in businesses like vegetable cultivation, general grocery shop, vegetable vending, and tailoring businesses.

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.

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About India

  • $4,000
    Average annual income
  • 155
    View loans »
    India Loans Fundraising
  • $5,195,225
    Funds lent in using Kiva
  • 62.2
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Laxmi Group's $3,875 loan helped a member to buy fertilizer and farm inputs like seeds and pesticides for expanding her farming.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Feb 1, 2014
Listed
Feb 10, 2014
Currency Exchange Loss:
Possible