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Maa Gayatri Group
In this Group: Saraswati, Gamgeswari, Kabita, Nrupa, Annapurna*, Premasila, Pad, Mohana , Champabati, Lata
* not pictured
Hatibandha is a rural village situated 100 kilometers from the district Head Quarters of Nuapada in Odisha, India. After intervention of Mahashakti Foundation in early 2014, 10 active women came out to take a loan by forming a Self Help Group (SHG) named Maa Gayatri.

Saraswati is one of the members. She is sitting with her hand raised in the photo. She is 46 years old and living with her husband, two sons and one daughter. Saraswati hails from a traditional cloth-weaving community. For the last 30 years, her family has been doing a cloth weaving business. Now she has two handlooms for weaving saris. Her husband purchases the yarn/thread from a town situated 40 kms away. They prepare 80 to 100 pieces from a bundle of yarn, which costs around 10,000-15,000 rupees. Saraswati does the initial processing of the thread to make it ready for weaving and after that, her husband fits it to the handloom and weaves the sari. They only weave saris because of the demands of the market. Her family works around 8-10 hours a day and weaves one piece of sari on each handloom. Saraswati sells her products to the local traders on a weekly basis. She earns a monthly income of Rs. 6,000, which is not sufficient to maintain her family. With her present loan, Saraswati wants to buy thread/yarn in bulk. Purchasing more stock at a time will help her to reduce the purchasing and transportation costs of the raw material. Saraswati wishes to grow her business and save enough to complete the construction of her half-constructed house and give a better education to her children.

The other nine members of the SHG are doing various businesses like weaving, cloth selling, running a general store, a tent house and an electronics shop.

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
  • 13
    View loans »
    India Loans Fundraising
  • $4,567,350
    Funds lent in using Kiva
  • 59.3
    India Rupees (INR) = $1 USD