Maa Maheswari Group
Saila’s husband is landless. He does daily labor and earn a very small income. Saila runs a milk processing unit at her house. She has only one cow, which produces 8 to 10 liters of milk per day. As the milk is not sufficient, Saila and her husband go to three or four nearby villages and collect 200 liters of milk per day to process and produce milk products like Paneer, Chhena (cheese), butter, ghee, khua and Peda (a sweet item made of khua) and sell them to earn an income of Rs 400 to Rs 500 per day in the off season (August-October). In the peak season, i.e. in the marriage season, (November-July) they earn Rs 1,000 to Rs 1,500 per day by selling the milk products. She employs a person to help her in the processing. She has a small freezer to keep the products and supply in the market but it is insufficient for her. With the loan, she is planning to purchase a deep freezer of 1500 kgs capacity to store the milk products for days together and sell them at peak time to earn more profit. In addition, she has a plan to construct a cement kiln for her processing unit. At present, she is educating her children in the nearby high school and college. As providing college education is very expensive, she is trying to increase her income to meet the demands of her children. She has another plan to construct a house, as the present house is crowded..
The other three members of her group (Jayanti, Sanjukta & Kahara) are running grocery shops and a milk business, respectively.
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 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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