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Maa Laxmi Group
In this Group: Sasirekha, Panchu, Jachana, Pana, Suraj
This group is called Maa Laxmi (named after the Hindu Goddess of wealth). Its five members are all women who belong to the Below Poverty Line category (BPL) from the village called Gadramunda. It is located in the block of Khariar of Nuapada district of Odisha, one of the poorest districts in India, specially known for drought. Among the five members is Panchu. The lady sitting in the middle raising her hand is Panchu. She is 29 years old; living with her husband, three sons aged 10, 8 & 5 years and one daughter who is 2 years old. She is a very active lady and fond of cooking. She has been running a snacks & sweets-making and supply business at her house with the help of her husband for a couple of years. She initially started with two varieties and slowly expanded to three different varieties. She, along with her husband, cook local salty snacks named 'Namkin' (locally popular food of triangular shape and salty in taste), “Gaja” (fried dough dipped in sugar syrup) & Ladduu (one type of round shaped sweet) and make packages. Her husband travels to the surrounding villages selling to local shops there. He travels almost 40 km in a day. She and her husband spend almost four hours a day making snacks and packets and selling them. In this process, her family earns a profit of rupees 200/- to 250/- daily. For raw materials like cooking oil, sugar and dough, her husband travels to the nearby town frequently every three days and spend more time and transportation cost. She now wants to have a stock of raw materials like cooking oil, sugar and dough, so that they have enough stock to carry on their business regularly with out any intervention. Panchu has planned to use a portion of the loan to buy the raw materials in bulk, saving the transportation cost and getting a cash discount. She hopes to complete her half-built house and start a screen printing business as her husband has sufficient experience in that field by using the rest of her loan.

The other four members of the group are Sasirekha, Jachana, Pana and Suraj and they have businesses like selling milk, running a grocery shop and cultivating vegetables.

Additional Information

More information about this loan

Mahashakti Foundation focuses its work in some of the most underdeveloped districts in Odisha, characterized by poor infrastructure and high levels of poverty. By supporting this loan, you are enabling access to finance for women living in some of India's poorest and most remote areas.

Important note about this loan

Due 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.

About India

  • $4,000
    Average annual income
  • 100
    View loans »
    India Loans Fundraising
  • $6,748,700
    Funds lent in using Kiva
  • 55.4
    India Rupees (INR) = $1 USD