Rohini Gandhi Chawak Mahila Samuha Shg Group
Among the five, Arti is the leader who is standing with her hand raised in the picture. She is married and living in Rohini village, Deoghar, Jharkhand. She is a mother of four children, two of whom are studying in school while the other two small children stay in home.
Her husband is in the catering business. His earns more during weddings and festival seasons. Arti is in the bari food business. Bari is the food item which is made of pulses, rice, peas, etc. This food item is very popular in her locality. She prepares and sells it.
She earns around 200 INR per day, but still it is not enough to maintain the family and to meet her children's education expenses. Arti is requesting a loan to buy raw food items to make bari. She hopes this loan will help her increase her family income. The other members are also seeking loan to expand their livelihoods.
More information about this loan
This loan is designed to provide financial assistance, income generation and other services for marginalized and poor populations in Jharkhand and West Bengal. It has been enabled through MicroGraam’s partnership with Micro-Enterprise and Sustainability Project (MESP), established in 2010. By funding this loan, you are creating opportunities for underserved populations in India.
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 >
Additionally, this loan may be post-disbursed, in which case this borrower will only receive the loan after it has been 100% funded by Kiva lenders. Because it is difficult to predict when a loan will be fully funded, the disbursement date may have been estimated by the Field Partner and may be inaccurate by several days or weeks.
MicroGraam is a Bangalore-based, crowd-funding lending platform that aims to promote development and growth throughout India by providing underserved populations with access to formal loan capital.
In order to provide critical capital in remote areas of India, MicroGraam collaborates with various partners located across the country, applying a structure very similar to Kiva’s. The organizations currently provide clients -- most of whom are women -- with three types of loans: (1) agricultural loans, (2) educational loans, and (3) microenterprise loans.
Kiva lenders’ funds will enable MicroGraam to forge new partnerships with important social organizations, connecting more rural areas with critical access to capital.
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.
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This loan has been fully funded!