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Mahalaxmi Group
In this Group: Radhamani, Rina, Subasini, Sushama, Sasmita
Sasmita, aged about 29 years, is the group leader of a five-member group from Muniguda town, situated in the Rayagada district of Odisha state in India. Her family comprises four members: her husband, one son aged 13, and one daughter aged 11. The member sitting in the middle with a raised hand is Sasmita.

At present, she is doing a leaf plate-making business and silver utensils business in her locality. She is a very active lady who wants some extra income out of her own efforts.

During 2010, she, along with four other members of her village, formed a group, and for the first time they took a loan from Mahashakti Foundation for development of their existing businesses. Sasmita’s husband is assisting her to run the business smoothly. At present, her family income is Rs. 5,000 per month, which is not sufficient to maintain the family.

To improve her living condition and to earn some extra income, Sasmita wants to avail a fourth loan. From the loan amount, she will purchase a leaf plate press machine and a bulk amount of leaves for her business. She would like to convert her present business to a small grocery shop in the future.

The other four members are named Radhamani, Rina, Subasini and Sushama. They are doing leaf plate-making, auto-rickshaw, utensil business and a tent house business respectively.

Additional Information

More information about this loan

Mahashakti Foundation 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 women 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 Mahashakti Foundation

Mahashakti Foundation is a public charitable trust that provides microfinance and development services in the low-income state of Odisha. Operating in the poorest region of India, the organization strives to serve rural communities, tribal groups and others living on less than USD$1 a day. In addition to microcredit, it also provides micro-savings and micro-insurance products, as well as business development, health, water and sanitation, and food security services.

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

  • $2,900
    Average annual income
  • 12
    View loans »
    India Loans Fundraising
  • $4,576,200
    Funds lent in using Kiva
  • 59.9
    India Rupees (INR) = $1 USD