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Adarsh Group
In this Group: Aniali, Reema, Ramani, Phuldei, Chandrakala, Nilendri
In 2007, six women from Kusurla village of M. Rampur block of Kalahandi district in Odisha, India formed a group named Adarsh, which means ideal, to access a loan from Mahashakti Foundation and expand their business. Phuldei is one of them, the lady sitting third from right in the photo raising her hand. Phuldei is 32 and is a very poor; she lives with her husband one son and two daughters aged 13 & 10 years. Her family belongs to the Below Poverty Line (BPL) category. People from the BPL category live on less than one dollar a day. Her children are continuing schooling in the village school.

Phuldei has been running a spice items selling business with items like onion, garlic, chili, cumin seeds, coriander, etc. for the last 10 years. Her husband goes to five weekly markets of her locality in a week with bulk of items on a bike and sells in the market. Apart from this she has also a tent house business in her house. Her monthly income from the existing business is 8000 rupees.

Out of this income she has been able to manage her household expenses and spent some income for the education of her children. She wants to increase stock levels of her business. So the loan will be utilized to purchase more of the items she sells in bulk to keep the stock up for a month. This will help her to reduce her purchasing and transportation costs as she will replenish her stock frequently and she can add a substantial income to her present income.

Phuldei hopes to increase the stock to run her business smoothly with sufficient items and provide a better education to her children. The other five members of the group are Reema, Ramani, Chandrakala, Aniali and Nilendri who are running cloth and grocery shop 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
  • 7
    View loans »
    India Loans Fundraising
  • $6,682,200
    Funds lent in using Kiva
  • 55.4
    India Rupees (INR) = $1 USD