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.
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 loanDue 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.
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This loan has been fully funded!