Durga Devi Mahila Swasahay Sangh Group
The Devadasi system is an ancient tradition in which a young girl is married or ‘dedicated’ to a deity and performs religious rituals. The realities of a devadasi are extremely challenging since the young women are not able to complete their education, learn employable skills, or otherwise provide for themselves. The young women do not have a choice in this life long decision, which often leads to exploitation, poverty, and social exclusion.
This loan will benefit small entrepreneurs such as Kashavva, a 54-year-old woman living in Palbhai village, Raibag, Belgaum. She is illiterate but that did not stop Kashavva from staring her own petty shop in the locality. She has been in this business for the last five years. She is living with her partner and a son who is married and has four children. Kashavva is earning around INR 8,000 per month.
She is requesting a loan to buy more commodities like food grains, oil and essential food items for her petty shop so that her consumers needs are fulfilled. Kashavva dreams of setting up a tailoring shop for her son. She hopes to save enough for her old age.
The other members are also seeking loans for different purpose like goat and buffalo rearing and a petty shop. They all are against the Devadasi system as being ex-devadasi, they have experienced the horrific effects of it in their life. They want to eradicate this unwanted system.
More information about this loan
This loan was designed by MicroGraam to support alternative livelihoods for marginalized groups that still exist in India, specifically those that are a part of the Dalith (untouchable) and Devdasi castes. Despite being declared illegal, these systems are still prevalent in many rural parts of south India. Traditionally, girls put into the Devdasi system are 'married' to a god and are dedicated to serve this god for life. In reality, these young girls are often subjected to brutality and forced into prostitution. MicroGraam’s partnership with the non-profit organization Mashila Abhivrudhi Mattu Samrkshana Samsthe (MASS) has made this loan possible. By funding this loan, you will be supporting women in northern Karnataka who are currently or used to be a part of the Dalit or Devdasi castes as well as their children, who are often otherwise unable to access financial services due to social stigmas.
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 >
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.
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.
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This loan has been fully funded!