Maa Kantajuren Group
The lady sitting second from right with raised hand in the photo is Tejkanti. She is a very active lady of 31 years age. She lives with her husband, one son of 9 years and two daughters of 14 and 4 years. Her elder son and daughter are continuing their study in the local school.
Tejkanti has a vegetable cultivation farm. She and her husband manage the farm. Her husband is an active and cheerful farmer. They produce vegetables like brinjal, cauliflower, carrot, cabbage, chili, cucumber, papaya, ladyfinger, onion, etc. in the farm. She sells her products to the traders of the nearest town who come to take vegetables from her farm. Her husband also goes to markets to sell the products.
Tejkanti says that she earns a minimum of 5,000 INR per month from this business, which is insufficient to meet the day-to-day expenses of her family, farm expenses and the educational expenses of her children. Although she has more land for cultivation, due to lack of funds, she is not able to cultivate it.
Therefore Tejkanti wants to expand her business by taking a loan of 16,000 INR from Mahashakti Foundation. She is planning to use the present loan to buy a water pump, fertilizer and farm inputs like seeds and pesticides for her farm. She expects a good return from her business by expanding her cultivation. Tejkanti hopes to construct a house and educate her children to lead a respectable life. She also hopes to give her whole family a bright future through her hard work.
The other ten members of this group are involved in businesses like vegetable cultivation, cycle mart, general grocery shop and vegetable vending.
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 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 >
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.
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This loan has been fully funded!