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Gunadei
Gunadei a married lady of 28. She is a resident of a rural village named Badi in the Nuapada district of Odisha, India. She belongs to a Schedule caste family. The lady sitting with her hand raised in the photograph is Gunadei. She resides with her husband and two sons who are six and nine years old. Her two children are studying in fourth and third standard in a private school. Gunadei herself has been running a fancy store with ladies fancy items and cosmetics in her house for the last eight years. Her husband works for a private company. Presently, she and her husband earn a monthly income of 10,000 INR. This is not at all sufficient for her to manage the household expenses, business investments and educational expenses of her children.

Gunadei has a dream of giving a better education to her children. So she and her husband decided to admit their elder son in a private school. But scarcity of money was a problem for her. When Mahashakti Foundation started the education loans, Gunadei applied and took a loan of 10,000 INR for the educational expenses of her elder son who is there with her in the photograph. With this loan, she will pay the admission fee, tuition fee and arrange study materials like books etc. This will encourage her son as well as Gunadei to take a future course of action. She is very hopeful that she will be able to respectfully stand her children in the society.

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.

About India

  • $2,900
    Average annual income
  • 21
    View loans »
    India Loans Fundraising
  • $4,519,250
    Funds lent in using Kiva
  • 59.6
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $175 helped Gunadei to pay admission fees and tuition fees and arrange for study materials for her son.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 6, 2014
Listed
Jul 10, 2014
Currency Exchange Loss:
Possible