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Maa Dumerdeo Shg Group
In this Group: Rashmita, Tanya, Taruni, Balamati, Hripriya, Baishakhi, Sushila, Dip, Bisakha, Sanju
These members belong to the Maa Dumerdeo Self Help Group. One of them is Bisakha, age 48, (the lady seated first from the left in the sky blue saree). She has a spouse and two children.

She alternates her daily activities with a business of selling rice, grams, spices, wafers, hair oil and other household consumables. She runs a small shop where she sells all these things to support her family. She has been in this business for a good amount of time, and she does well, thanks to the daily effort she puts into her business. She also sells vegetables in her shop.

She requested with her group for the loan, of which she will use her portion to buy sugar, rice, edible oil, soap, detergents and other household consumables for her business. She thanks those who share her dream by this means and commits to make her payments as scheduled.

The businesses of the other group members are butcher shop, dairy farm, and a tailoring shop.

Additional Information

More information about this loan

People's Forum 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 borrowers 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 People's Forum

People’s Forum is a development organization based in Odisha, India that provides affordable loan products and support services to women. The organization distinguishes itself by reaching out to particularly marginalized groups, including leprosy-affected families, widows, single mothers, and disabled persons. People’s Forum will harness Kiva’s flexible, zero-interest capital to serve even more borrowers in one of the poorest regions of India.

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.

Tags

About India

  • $4,000
    Average annual income
  • 157
    View loans »
    India Loans Fundraising
  • $5,195,225
    Funds lent in using Kiva
  • 60.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Dumerdeo Shg Group's $2,500 loan helped a member to purchase sugar, rice, edible oil, soap, detergents and other household consumables to sell.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 10, 2014
Listed
Jul 6, 2014
Currency Exchange Loss:
Possible