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Maa Astalaxmi Group
In this Group: Bharasarani, Jhuni, Sasmita, Pankajini, Basanti-1, Lakshmipriya, Sangali*, Sarita, Membai, Basanti- 2, Kaushalya, Santosini
* not pictured
Maa Astalaxmi is a Self Help Group formed in March 2014 by 12 active women entrepreneurs from Nilji village in the Nuapada district of Odisha, India. Nilji is a rural village situated in the inaccessible and backward region of Nuapada district.

Bharasarani is one of the members of this group who is sitting second from right with her hand raised in the photo. She is 32 years old and a cheerful lady living with her husband, one daughter and one son. Bharasarani is running a milk-selling business with one milking cow at her house and her husband runs a general store .She gets 10 liters of milk per day, which she supplies to 10 households in her village. She gets her payment on a monthly basis. She earns a monthly income of 8,000 INR. She has a dream of giving a better education to her children. So, looking at the demand for milk, with her present loan of 16,000 INR, she is planning to purchase another cow of the hybrid variety. This will help her to increase her income and fulfill her dreams. Bharasarani hopes to save enough money for the construction of a house and the development of a good dairy farm. The other 11 members of the group are running small businesses like vegetable.vending, milk selling, a betel shop, a fancy store etc.

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
  • 162
    View loans »
    India Loans Fundraising
  • $5,194,825
    Funds lent in using Kiva
  • 59.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Astalaxmi Group's $3,250 loan helped a member to purchase another cow.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
May 19, 2014
Jun 17, 2014
Currency Exchange Loss: