Total loan: $2,175
Bhagabati Shg Group
Tangi, Odisha, OD, India / Food
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A loan helped to buy fish in bulk to make more dried fish and to stock up during the monsoon season for her fish business.
Bhagabati Shg Group's story
Manjulata is a 48-year-old woman living with her two children, ages 24 and 22 years old. She lives in a village close to Khurda city in the Khurda district in Odisha. Manjulata got married to a fisherman when she was 20 years old. Like other village folk, her husband was a fisherman who went to a nearby lake and river for fishing. Unfortunately, Manjulata lost her husband's mental and partly physical condition in 2002 in an accident when he went fishing. Since then, she has been working hard to support her children. Manjulata started her business of selling fresh fish and dried fish. Drying the fish is a way of preserving the fish for future use by drying them in the sun until the water is completely evaporated. Dried fish has a storage life of several years. Dried fish is used in different delicacies just as fresh fish is and is very popular in the region. Manjulata buys fish directly from the local fishermen, sells some fresh, and dries some to sell as dried fish. She purchases 10 to 12 kg of fresh fish and 18-20 kg of dried fish and sells it by roaming door to door in the nearby villages. She earns 4,000 INR per month. Manjulata, along with her group, has applied for a loan of 135,000 INR so that she can use her portion to purchase the fish in bulk to make more dried fish and stock up during the monsoon season. There is a huge demand for dried fish during the monsoon season as not much stock is available in the market. So she can get a better price as well. This loan will help Manjulata to increase her working capital to run her business by increasing her revenues almost 50%, giving her 5,000 to 6,000 INR per month. She wants to save enough to give her children a good quality of life and send them to college.