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Mahalaxmi Group
In this Group: Banita, Gouri, Rukmani, Jasobanta , Mithila, Bilas, Hemalata*, Rukha, Nura, Hemangini, Surjy, Belamati, Nruta*
* not pictured
Gouri, the lady standing with a raised hand in the photo, is a hardworking, active and confident woman of the village of Goimundi in Nuapada district in Odisha, India. Her age is 28, and she is residing with her husband and son of one year’s age.

Gouri has a vegetable cultivation farm being managed by her husband. He produces different types of vegetables, such as brinjal (eggplant), cauliflower, cabbage, chilies, ladies finger (okra), etc., on her farm. Apart from that, Gouri herself manages a sweet and salty dry food items making and supply business in her house. She supplies the retailers of nearby villages.

From the above two businesses, Gouri earns a monthly income of 5,000 INR. With this income, Gouri maintains her family, purchases dough, oil, sugar, etc. for her dry food-making business, and seeds and fertilizer for the cultivation. She says, “I want to expand my business and cultivation, but finance is a problem for me.”

After Mahashakti started intervention in her village, Gouri, along with twelve other women of her village, formed a Self-Help Group named “Mahalaxmi” and took a loan of 16,000 INR. With this loan, Gouri will purchase farm inputs like seeds, fertilizer and pesticides for her farming, and dough, sugar, oil, etc. for her dry food business.

Gouri dreams to construct a house and educate her children to lead a respectable life.

The other members of this group are also involved in microenterprises of their own.

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

  • $4,000
    Average annual income
  • 52
    View loans »
    India Loans Fundraising
  • $4,824,950
    Funds lent in using Kiva
  • 59.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Mahalaxmi Group's $2,975 loan helped a member to purchase farm inputs like seeds, fertilizer and pesticides for her farming, and dough, sugar, oil, etc. for her dry food business.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 14, 2014
Listed
Jun 16, 2014
Currency Exchange Loss:
Possible