Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Partner Description:

Mahashakti Foundation is a public charitable trust founded in 2004 to improve people’s livelihoods in the low-income state of Odisha through microfinance and development services.

The foundation was born out of a program run by Odisha’s leading NGO, the Friend’s Association for Rural Reconstruction, or FARR. Started in 1984, FARR is dedicated to mobilizing communities for human rights awareness and economic development, especially among tribal and vulnerable caste groups in the state.

Recognizing that many of these people depend on forestry trades and seasonal cashflows, FARR started offering microcredit as an alternative to exploitative informal money lenders in 1994. Ten years later, Mahashakti was created to implement an official microfinance program with the help of the CARE organization and financial support from the United Kingdom’s Department of International Development.

Today, Mahashakti operates in six of Odisha’s poorest districts. This area is considered to be the poorest region in the country, with 91% of the population residing in villages, and 39% belonging to tribal communities where the average daily income is below USD$1. Mahashakti was founded to work with these populations and empower them to address their own socio-economic, political and cultural needs.

Keeping this in mind, the organization provides micro-savings, microcredit, micro-insurance (health and life), livelihood development services, health care options, water and sanitation services, food security programs and more.

Mahashakti is currently working with 25,000 poor families through different development activities. In the last six years, it has disbursed INR 60 crores (USD$10.8 million). Its present outstanding portfolio is INR 5 crores (about USD$900,900). Its current repayment rate is 98%.

Mahashakti’s core values include:

- Honesty in all transactions with all stakeholders of the organization.

- Empathy in understanding the concerns and ideas of people inside and outside of the organization.

- Courage in finding the right solutions and outcomes to issues and problems without compromising values in the face of adversity.

- Teamwork as a means to achieve the organization’s mission and objectives by respecting one another.

- Punctuality, respecting and honoring organizational commitments within the scheduled time frame.

- Excellence in each and every sphere of organizational activity, and achieving results that are better than those already achieved.

- Communication and candor to express opinions freely and frankly without inhibitions.

- Transparency by inculcating a high degree of commitment through reporting exactly what is and is not expected of us.

Mahashakti’s operational philosophy is as follows:

1. Operational principles based on justice, mercy and humility.
2. Good governance, which is every stakeholder’s expectation.
3. Operational excellence through transparency in systems and processes.
4. Compassion for the poor and respect for individuals.
5. Human approach to business, focused on relationship building rather than short term gains.

Mahashakti has a number of high-level affiliations with financial institutions like Oikocredit, Rabo Bank, Ananaya Finance and more. It is also a member of national and international-level microfinance networks like Sa-Dhan, SAMN, AMFA, INAFI, MIX Market and CGAP.

Recently, the organization was awarded grade A on its Code of Conduct Assessment from Access Assist, a respected non-profit that evaluates and monitors financial services to the poor. 



Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 15, 2012 Oct 12, 2005
Total Loans $707,075 $626,441,200
Amount of raised Inactive loans $0 $441,000
Number of raised Inactive loans 0 374
Amount of Paying Back Loans $707,075 $121,478,150
Number of Paying Back Loans 372 133,549
Amount of Ended Loans $0 $504,522,050
Number of Ended Loans 0 634,907
Delinquency Rate N/A 4.60%
Amount in Arrears N/A $3,613,802
Outstanding Portfolio N/A $78,532,024
Number of loanDelinquent N/A 17,015
Default Rate N/A (See Note) 1.11%
Amount of Ended Loans Defaulted N/A $5,607,054
Amount of Ended Loans N/A $504,522,050
Number of Ended Loans Defaulted N/A 17,324
Currency Exchange Loss Rate N/A 0.11%
Amount of Currency Exchange Loss N/A $679,982
Refund Rate 0.00% 0.73%
Amount of Refunded Loans $0 $4,592,300
Number of Refunded Loans 0 5,127

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.18%
Average Loan Size $302 $418
Average Individual Loan Size $403 $654
Average Group Loan Size $1,934 $1,837
Average number of borrowers per group 6.4 8
Average GDP per capita (PPP) in local country $2,900 $3,409
Average Loan Size / GDP per capita (PPP) 10.40% 12.27%
Average Time to Fund a Loan 7.22 days 5.81 days
Average Dollars Raised Per Day Per Loan $41.79 $72.03
  Average Loan Term 41.45 months 10.52 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 1 313,958
  Journaling Rate 0.00% 42.15%
  Average Number of Comments Per Journal 0.00 0.07
  Average Number of Recommendations Per Journal 0.00 1.76

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 24% PY 22.00% PY 33.35% PY
  Profitability (return on assets) -8.4% 1.2% -1.49%
  Average Loan Size (% of per capita income) 8.30% 10.00% 38.01%

Country Fast Facts

Field Partner Staff

Jyoti Ranjan Mahapatra
Bimal kanta Panda
Bikram kesari Patra
Jugal Kishore Pattanayak
Arun Kumar Pattnayak
Rama Ballav Pattnayak
Simanchal Pattnayak
Ruby Tripathy