A loan of $925 helped a member to purchase yarn/thread for weaving.


Saraswati Group's story

The group named Saraswati (the name of a Hindu goddess of Education) consists of five active women entrepreneurs named Kamala, Indra, Sasidei, Sasi and Rukmani. They are from Duajhar village under Nuapada district in Odisha, India and started a new venture to contribute to their family income by forming a group in the year 2012. The featured member, Kamala, is sitting in the middle raising her hand in the photo. She is 42 years old and lives with her husband, one son age 16 and one daughter age 13. Kamala is a very energetic and hard working lady. She has been running a cloth weaving unit in her house for the last 25 years. Now she is managing her business successfully with three weaving units. In two units, she is weaving saris and in one unit gamchha (towels). Kamala has engaged three skilled laborers to help her with the weaving. They produce three saris and three towels per day. Kamala pays Rs 100/- per sari and Rs 50/- per towel as labor charges to the weavers. Her husband brings raw materials (yarn/thread per unit costs around 10,000/-) from a stockist in a nearby town on credit and gives the finished products to the same stockiest who does not give as much return to her compared to her efforts. Therefore, she is running at a continuous loss and facing a lot of trouble maintaining her family. So she is planning to use the entire loan to purchase more stock of raw materials like yarn. This will help her to eliminate some unnecessary expenses resulting from frequent movements to bring in raw materials. The role of Kamala in the business is to process the thread. Sometimes her daughter also helps her in this processing work. Kamala hopes to repair her house and wants to purchase some assets for the marriage of her daughter.

Indra, Sasidei, Rukmani and Sasi are the other four members. They are running a medicine store, a cloth business, a utensils business and atailoring business, respectively.

In this group: Indra , Sasidei, Sasi, Kamala, Rukmani



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