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Maa Saraswati Group
In this Group: Mina, Tula, Urmila , Sindhusuta
The "Maa Saraswati" group is named after the goddesses of education. All four members of this group are women from a remote village called Kurebhana and belong to the Below Poverty Line category. Kurebhana is located in the district of Bolangir; one of the poorest districts of Odisha India.

Mina is one of the members of this group who has raised her hand in the photo. She is 23 years old and lives with her husband, a four-year-old son, and a nine-year-old daughter. Her daughter is going to the local school. Mina and her husband are doing multifarious businesses of milk, salt and vegetable cultivation. Her husband looks after salt and vegetable cultivation leaving the milk business to Mina.

She has three cows giving 12 liters of milk. From the milk business Mina is getting 2,000 Indian Rupees (INR) per month by selling the milk in bulk to a milk processing unit of her village. Her husband earns 2,000 INR per month from the salt business and vegetable cultivation, which is insufficient to maintain her family. Mina has planned to utilize the loan for purchasing another cow and remodeling her cow shed. Mina has a focused dream to provide better education to her children.

The other three members Sindhusuta, Tula and Urmila also have milk businesses.

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
  • 88
    View loans »
    India Loans Fundraising
  • $6,748,700
    Funds lent in using Kiva
  • 55.4
    India Rupees (INR) = $1 USD