Total loan: $1,575

Mahalaxmi Group

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Mahalaxmi Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped To pay for purchasing another handloom weaving machine and thread/yarn in bulk for more income.

Mahalaxmi Group's story

In August 2014, eight active women from Namigaon village located in the Titilagarh block of Balangir district, one of the poorest districts of India, stepped out and decided to build a secure future for their family by their contribution. They formed a group named Mahalaxmi to avail credit from Mahashakti Foundation for development of their existing businesses Mithila is one of the members who is standing with her hand raised in the photo. She is 32 years old and living with her husband, one son who is eight years old and one daughter who is six years old. Mithila hails from a traditional cloth weaving community. Being a member of a weaver family, she has been involved in this work from her childhood. Since her marriage, she has been running a cloth weaving unit with her husband. Presently, she has one handoom for weaving saris. Her husband purchases the yarn/thread from a trader in a village of 20 kms away. 80 to 100 pieces are prepared from a bundle of yarn, which costs around 10,000-15,000 rupees. Mithila does the initial processing of the thread to make it ready for weaving and after that, her husband fits it to the handloom and weaves the sari. They only weave saris because of the demand for them in the market. Her family works around 8-10 hours a day and weaves one piece of sari on each handloom. Mithila sells her product to the local traders on a weekly basis. She earns a monthly income of Rs 6,000, which is not sufficient to maintain her family. So with the present loan, she wants to buy another handloom weaving machine and thread/yarn in bulk. Purchasing more stock at a time will help her to reduce the purchasing and transportation costs of her raw material. Mithila wishes to grow her business and save enough to start a cloth store in her village. The other members of this group are also doing small enterprises for which they will take a loan and expand their businesses.