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Maa Mahalaxmi Shg Group
In this Group: Susam, Indu, Kanak, Sabita, Banita, Sapur, Bhumisuta, Anita, Urakuli, Basanti
Susam is 30 years old and has a child. She lives in a small village in Sonepur district in Odisha, India with her husband and her child. A few years ago, she started a grocery shop where she sells rice, lentils, potatoes, wheat flour, onions, spices, soap etc. She purchases these items in the town with the help of her husband. She sells a variety of products, depending on the demand in the village.

She is requesting a loan to buy more supplies such as detergents, biscuits, candles, electric bulbs, wafer, toilet cleaner etc. With this investment, she will expand her business so that she can generate more income and improve the quality of life for herself and her family. She is requesting the loan with a group of 10 members who all are women who live in the same community. They named their group Maa Mahalaxmi Shg.

Additional Information

More information about this loan

People's Forum 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 borrowers 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 People's Forum

People’s Forum is a development organization based in Odisha, India that provides affordable loan products and support services to women. The organization distinguishes itself by reaching out to particularly marginalized groups, including leprosy-affected families, widows, single mothers, and disabled persons. People’s Forum will harness Kiva’s flexible, zero-interest capital to serve even more borrowers in one of the poorest regions of India.

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.

Tags

About India

  • $2,900
    Average annual income
  • 19
    View loans »
    India Loans Fundraising
  • $4,567,350
    Funds lent in using Kiva
  • 61.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Mahalaxmi Shg Group's $2,450 loan helped a member to purchase detergents, biscuits, candles, electric bulbs, wafer, toilet cleaner etc. for her grocery shop.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Mar 5, 2014
Listed
Apr 1, 2014
Currency Exchange Loss:
Possible