Maa Santoshi Group
Rasmita, along with 12 other members from her locality formed a group and applied for a loan to Mahashakti Foundation to expand their existing businesses. It is the first time the group will take a loan from MSF.
Out of their small income, Rasmita is maintaining her family in a low profile. At present, her monthly income is about Rs 8,000 but still it is not sufficient to meet the needs of her family. After learning the business procedures and knowledge, she wants to increase the volume of her business. Now she wants a loan to purchase a Pico machine for stitching.
In the future, she wants to have a stall of her own in her locality.
The other 13 members of her group (Pramila, Rajani, Jani, Minati, Minu, Pinki, Mamata, Sunita, Kasturi, Kalpana, Sanjukta, Subasini & Kishori) also want a loan for different purposes like doing a milk business, auto rickshaw transportation, a tailoring business, a Xerox business and a tiffin business.
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
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
154View loans »
This loan has been fully funded!