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Total loan: $800
Rikki Mahila Mandal Group
Dahod, GJ, India / Retail
Flag of India
Rikki Mahila Mandal Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to purchase bulk stock of Vaseline, sugar, ghee, incense, oil, and rice and grow her petty shop microenterprise.
Rikki Mahila Mandal Group's story
Chuniben, the group leader (woman in the center), hails from Dahod district in Gujarat. She runs her own small petty shop business to contribute to her family’s income of Rs. 7000. She has three teen-aged children, and her income of Rs. 4,000 helps her to provide a better quality of life, education, and healthcare to her family. But her income is just sufficient with a meager savings of Rs. 2000. Educating three children will need a lot more than these savings. She now hopes to expand her microenterprise by increasing the items she sells so that she can increase her income. She plans to buy additional items like Vaseline, ghee, butter, sugar, and oil in larger quantities. This will help her increase her customer base and provide more goods to increase her income. But, local banks will not provide the microfinance Chuniben needs to expand her small business. So Chuniben has joined with four other local women who run similar small businesses and want to expand their microenterprises. Her group comprises of Sushilaben and Sunitaben, who run their petty shops, and Manjuben and Ramilaben, who run their dress material shops. Chuniben and her group seek to crowdfund the Rs. 50,000 they need to expand their small businesses. Your loan will help these women to expand their businesses, increase their incomes, and provide a better quality of life for their children. In Chuniben’s case, this investment will help her business net an additional Rs. 6000 each month. She will take Rs. 2000 home to add to her savings, and will use the rest to continue growing her small business. Having never been to school, educating her own three children is her most important goal. She is grateful for this opportunity to achieve it.