She has been managing a dairy firm in her locality. There is huge demand for milk and dairy products in the locality and of course at different hotels also. Her husband helps her to manage the dairy firm.
Out of her small income Basanti is maintaining her family in a low profile. To improve her living condition and to earn some extra income, she wants to access a loan from Mahashakti. At present her monthly income is Rs.6,000. From the loan she will purchase a cow. She dreams of having a Pacca (brick-built) house of her own.
The other five members also want a loan for a hotel, vegetable vending, tailoring and a milk business.
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
0View loans »