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Maa Samaleswari Shg Group
In this Group: Manjuri, Yashoda, Jasoda, Banita, Madhabi, Kabita, Hemalata, Bharati, Kumudini, Damayanti, Kambubati, Urbasi
Banita is a 54-year-old lady living with her husband and three children. She owns and manages a dairy farm, where she has a few cows and buffaloes. She sells five litres of milk per day and earns 3,000 Indian rupees (INR) per month. Her monthly income is very small for a family of four persons.

She wants to purchase two Jersey cows for her farm, as demand for cow's milk is more in her village. She also has a plan to repair the shed for her cattle and make it big.

Banita, along with her group members, has requested a loan of 180,000 INR. She will use her portion of the loan for purchasing two cows and renovating the shed.

In the future, she wants to increase her farm and sell more milk products like yogurt, butter, etc. She has a dream to give a quality life to her family and save some money for her children's future.

All the members of this group are engaged in dairy businesses.

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.

About India

  • $2,900
    Average annual income
  • 1
    View loans »
    India Loans Fundraising
  • $4,520,000
    Funds lent in using Kiva
  • 60.1
    India Rupees (INR) = $1 USD