Amita’s husband is assisting her to run the business smoothly by taking thread, blouse piece, clothes, etc. At present, her family income is Rs. 5,000 per month, which is not sufficient to maintain the family.
To improve her living condition and to earn some extra income, she wants to avail a loan from Mahashakti. From the loan amount, she will purchase a sewing machine and stitching materials in bulk quantities. She has a dream to increase her business, stitch readymade dresses, supply them to the market and educate her children in a better school.
The other three members of her group are Tilotama, Sumitra and Bulilata, who are running a saree shop, tea shop and tailoring unit respectively.
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.
This is a Group Loan
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This loan has been fully funded!