Annapurna Self Help Group
The group hails from the village of Mahabbatnagar in West Bengal. The village is the one of the most remote in the region and even lacks basic amenities like pakka (not made of concrete and mortar) houses, electricity, etc. But the village is rich in spirit and the ideas of its women folk who want to be something in life. And this change in attitude has been brought by the continuous efforts of Sabuj Sangha.
Kabita, a grandmother in her fifties who has a family of eight, has been the leader of the group for the past fifteen years. She has never defaulted on any of her borrowing to date and is running her single shop of medicines in the village successfully. She is supported in her endeavor by her family and other members of the group. Now she wants to make her business bigger to become sustainable and leave her mark in the village.
Through Kabita’s motivation and training, other members in the group also want to foray into the wonderland of prosperity by starting a new enterprise or expanding the current business. Kabita will invest the amount to buy new medicine stock for her shop.
Another member named Aparna wants to follow the steps of the leader by opening a medical shop, Alok want to cash in on her family’s skill of betel leaves cultivation, and Gita and Saraswati want to go for paddy cultivation.
These aspirants only fall back because of lack of financial options and need a loan of INR 145,000. Such a group of hardworking and experienced ladies needs to be appreciated, to make them the forerunners in the much-needed reforms.
More information about this loan
This loan was designed by MicroGraam to provide new means of income for borrowers in the Sunderbans region of West Bengal. The majority of the region is heavy dependent upon rain-fed agriculture, leading to extremely low income and food insecurity. MicroGraam’s partnership with the non-profit organization Sabuj Sangha has made this loan possible. Sabuj Sangha offers trainings and loans to allow borrowers dependent on rain-fed agriculture to purchase inputs and technology like bucket irrigation systems or to invest in local enterprises that provide an alternative to agriculture. By funding this loan, you are helping borrowers in India access business training and consulting services that allow them to make a livelihood transition without placing added pressure on dwindling finances.
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!