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Greens Konammadevi - Kiresur Group
In this Group: Kamalavva, Gurabai , Konamma , Neelavva , Basalingavva
Kamalavva, the head of the Greens Konammadevi Joint Liability Group (JLG), is standing with her hand raised. She lives in Kiresur, Bagalkot, Karnataka with her husband and three children. Her husband works as a driver. One of her sons works as a daily wage worker in the agriculture fields while the other two go to school.

Kamalavva owns a sheep raising farm. She also works in the fields as a daily wage worker and earns Rs 100 per day. The income is used to take care of the household expenses and for her children's education. She is now experiencing difficulty with the escalation of all daily use commodities.

She is trying to develop a sheep raising farm by borrowing a loan. Kamalavva will use her loan to buy lambs and raise them. She can make a profit of Rs 8,000 – 10,000 per lamb. Kamalavva dreams that this business will become a major source of income. She even wants to send her children to a better school.

The group consists of four other members. All are involved in the same business and are looking forward to this loan.

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
  • 36
    View loans »
    India Loans Fundraising
  • $5,640,525
    Funds lent in using Kiva
  • 60.6
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Greens Konammadevi - Kiresur Group's $1,250 loan helped a member to purchase lambs.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jun 21, 2014
Mar 26, 2014
Currency Exchange Loss: