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Greens Bhagya Lakshmi Group
In this Group: Shantavva, Rangavva , Renavva, Renavva, Chennavva
Shantavva is 33 years old and has three children. Her husband migrates to town for six months to work as a construction laborer as their village, Togunasi in North Karnataka, comes in a dry belt and people have very little to do in farms. To change the economic condition of their families most women in the village have created Joint Liability Groups (JLG) which are activity based and are practicing various allied agricultural activities for additional income.

Shantavva (the lady with the raised hand in the picture) is part of Greens Bhagya Lakshmi JLG. She and four other members of her group have setup a sheep and goat rearing micro enterprise. Shantavva's business gives her an additional income apart from her laborer job in farms where on a work day she earns 120 Indian Rupees (INR). The economic insecurity has made one of her sons to drop out of school and join his father as a construction worker. She wants to keep her other two children in school and for that Shantavva needs to expand her business.

Shantavva now seeks a loan to purchase six more sheep and push her rearing business to a stronger production stage. The other members of the group also want to have more sheep so that their annual production of the cattle increase, which will bring more profits. All other group members want to buy at least 3 lambs each. Each has potential to earn 18,000 INR within a cycle of seven months.

Additional Information

More information about this loan

This loan is designed to provide financing, business consulting, input facilitation, market linkage, and resource management services to marginalized agricultural laborers in rural areas of Karnataka. MicroGraam’s partnership with the non-profit organization Future Greens Samsthe has made this loan possible. By funding this loan, you are helping to bring fair market access and productivity enhancement to laborers in India through enterprise financing and support.

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 >
Additionally, this loan may be post-disbursed, in which case this borrower will only receive the loan after it has been 100% funded by Kiva lenders. Because it is difficult to predict when a loan will be fully funded, the disbursement date may have been estimated by the Field Partner and may be inaccurate by several days or weeks.

About MicroGraam

MicroGraam is a Bangalore-based, crowd-funding lending platform that aims to promote development and growth throughout India by providing underserved populations with access to formal loan capital.

In order to provide critical capital in remote areas of India, MicroGraam collaborates with various partners located across the country, applying a structure very similar to Kiva’s. The organizations currently provide clients -- most of whom are women -- with three types of loans: (1) agricultural loans, (2) educational loans, and (3) microenterprise loans.

Kiva lenders’ funds will enable MicroGraam to forge new partnerships with important social organizations, connecting more rural areas with critical access to capital.

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
  • 35
    View loans »
    India Loans Fundraising
  • $5,650,575
    Funds lent in using Kiva
  • 61.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Greens Bhagya Lakshmi Group's $1,800 loan helped a member to buy lambs for rearing.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jun 9, 2014
Mar 17, 2014
Currency Exchange Loss: