Maa Majhi Gouri Group
Nilima is the leader of this group. The lady who is standing to the extreme right in the photo in the blue sari is Nilima. She is 30 years old, living with her husband, one daughter aged 9 and one son aged 4. She has been running a small grocery shop in a good location in the market with the help of her husband for the last 12 years. She sells items like rice, wheat, biscuits, cool drinks (sodas), etc.The tribal people from the surrounding villages are her customers.
Nilima's day at the shop starts at 8 AM after sending her children to school and ends at 8 PM. She takes a 2-hour break in between to cook for her family. Her husband helps her in getting the stock from the nearest market. She works hard to give her children a good quality of life by utilizing her time as best she can. She makes leaf plates woven out of dry leaves and local snacks like “murku”( chips) in her free time and sells them to her neighbors. These activities help her to supplement her income from the shop.
She wants to buy a huge stock of what she is selling right now and make her retail grocery into a wholesale shop in Bissam Cuttack town. There are almost 10 villages who could be the potential retail customers for her shop. A portion of the loan will be utilized by her to increase her inventory level and expand her retail shop into a wholesale shop. She hopes to increase her revenues through this and send her children to a good school. Her dream is to see her daughter become a doctor and serve the poor people of her region.
The other three members of the group are Kusum, Jayasree and Minakhi who are involved in the grocery business as well. All members of the group have been working hard and continue to work with unity, honesty and sincerity under the leadership of Nilima.
Important note about this loanDue to Indian government regulations, if you fund this loan, you will not be repaid for at least 3 years. This borrower will likely repay your loan much sooner than that, in which case, the Field Partner may re-loan your funds to help other local borrowers. We want you to be aware of this minimum 3-year waiting period and the associated risks before making a loan to Indian borrowers on Kiva. Learn More >
About Mahashakti Foundation
Mahashakti Foundation is a public charitable trust that provides microfinance and development services in the low-income state of Odisha. Operating in the poorest region of India, the organization strives to serve rural communities, tribal groups and others living on less than USD$1 a day. In addition to microcredit, it also provides micro-savings and micro-insurance products, as well as business development, health, water and sanitation, and food security services.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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