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Saraswati Group
In this Group: Kuntala, Padma, Bui , Nalini, Sukrabari
In the year 2010, five poor, illiterate rural women of Mahulpada village in Titilagarh Block in the Bolangir district of Odisha, India, formed a Joint Liability Group named Saraswati with an objective to support their family businesses by taking loans from Mahashakti Foundation for the over all development of their families.

Kuntala, about 37 years old, is one among the members who is sitting second from the right with a raised hand. Kuntala is married and resides in a small hut with her five-member family comprising her husband, two sons and one daughter.

All members of Saraswati group belong to very poor backgrounds. The community of Kuntala especially has a separate establishment in the village. The main source of livelihood of this community is weaving of bamboo baskets of various varieties and selling them in the market. The people of this community are far away from basic needs like education, shelter, health facilities, etc. due to poverty and rural base.

The business of Kuntala (weaving of bamboo baskets) is a traditional business of their community. Previously, the inhabitants of this community themselves collected raw bamboo from the nearest forest for weaving of baskets. But due to forest degradation, now they have to travel far away for purchasing of raw bamboo. Kuntala and her husband combine to do the processing work and weaving of baskets like kula, tupa, kurli, bhuga, kulei, garna, talei, parla, etc. of different sizes. During marriage season there are heavy demands for these products. They sell the products weekly in the nearest weekly market of the town. Some traders also regularly come to this village to purchase bamboo products. Kuntala earns a monthly profit of INR 2,000 from her business.

Currently, there is a growing demand for this products and traders are used to supplying this to various parts of the country. So Kuntala wants to purchase more raw bamboo from this loan to work for a longer period without any interruption. She also wants to procure some ready-made products from other weavers. This will help her to earn some extra income to manage the family smoothly. Kuntala hopes to construct a house in the near future.

The other four members of the group are Nalini, Bui, Sukrabari and Padma who are doing similar 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
  • 62
    View loans »
    India Loans Fundraising
  • $6,748,700
    Funds lent in using Kiva
  • 54.9
    India Rupees (INR) = $1 USD