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Maha Laxmi Group
In this Group: Banita, Shanti, Gua, Nrupa, Mukta
Maha Laxmi Joint Liability Group was formed in the year 2010. This group is located in the village of Padampur in the Nuapada district of Odisha, India. Vegetable cultivation and vending is the primary source of livelihood of most of the families of this village.

This group consists of five members from the "below poverty line" category, and Gua is one of them. The lady standing second from the left in the photo with raised hand is Gua. She is 40 years old and has a family of five: her husband and three sons, age 28, 26 and 24, who help in her business.

Gua has a vegetable cultivation farm and vegetable vending business that she manages together with her husband and sons. She grows vegetables like brinjal, cauliflower, carrots, cabbage, chilli, ladies finger, etc., in her farm. She sells her produce wholesale to the traders of the nearby market and also sells personally in her retail outlet. She earns a minimum of 400 INR per day, which is insufficient to meet the day-to-day expenses of her family as well as the farm expenses.

Gua wants to expand her business by taking a fresh loan. This is her third loan and she will use it to buy fertilizer and farm inputs like seeds and pesticides for her farm. She expects a good return from her business by expanding her cultivation.

Gua dreams to construct a house as she is planning for the marriage of her son in the near future. She also hopes to give her whole family a bright future through her hard work.

The other four members of this group are Banita, Mukta, Nrupa and Shanti, who have vegetable cultivation, vending and tent-house 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
  • 82
    View loans »
    India Loans Fundraising
  • $6,089,250
    Funds lent in using Kiva
  • 52.7
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maha Laxmi Group's $1,275 loan helped a member to pay for purchasing of fertilizer, pesticides and seeds.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Oct 20, 2012
Oct 17, 2012
Currency Exchange Loss: