Total loan: $3,225

Maa Saraswati Group

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NILJI, NUAPADA, ODISHA, OD, India / Education

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A loan helped To pay the primary school admission fees of her son, secondary school admission fees of her daughter and purchase items for her general store.

Maa Saraswati Group's story

In the year 2014, twelve active women from Nilji village of Nuapada district in Odisha, India formed a group named Maa Saraswati to access loans from Mahashakti Foundation and expand their businesses. Nilji village is a remotely located rural village situated about 100 kilometers away from the district headquarters. Ranjita is one of them. The 32-year-old cheerful lady sitting with raised hand in the photo is Ranjita. She lives with her husband, one son of nine years and one daughter of fourteen years. Her daughter is studying in 10th standard in the local government school and her son is studying in 4th standard in a private school located in the village. Ranjita is running a general grocery shop in her village for the last ten years with the help of her husband. She started the business with a very small investment of her own on limited items, i.e. potatoes, sugar, tea leaves, soap, shampoo, biscuits, etc. At that time her monthly net income was around 2,000 INR. With this small income it was very difficult on her part to maintain the family. Using small savings she gradually expanded her business and now she is earning a monthly income of 8,000 INR. With this income, Ranjita is managing her family expenses as best she can, but facing financial trouble for the educational expenses of her children. With the intervention of Mahashakti Foundation, Ranjita saw a ray of hope.Her group approached Mahashakti Foundation and availed a group loan of 192000 INR. Out of this amount Ranjita took a loan of 16,000 INR. With a part of this loan she is planning to pay the admission fees of her son and daughter and with the other part wants to purchase items like rice, wheat, lentils, oil, soap, potatoes, etc. for her general store. This loan gave a solace to Ranjita as she has been able to arrange the money for the continued study of her children. Ranjita hopes to save enough for the better education of her children and purchase a new bike for her husband. The other eleven members of the group are managing a general store business, a fabrication center, a betel shop, a tailoring center, milk selling, vegetable vending, a Tiffin (tea) stall, an egg center, etc.