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Jay Bajrangbali Group
In this Group: Jajnasini, Satyabhama, Belmati, Sabitri, Purnami
Jay Bajrangbali is a Joint Liability Group formed in the year 2008 by five active women entrepreneurs of the weaving community of Tukla village under Nuapada district in Odisha, India, with a new venture to add some extra income through expansion of the existing business by accessing loans from Mahashakti Foundation.

To date the group have already accessed three loans and have successfully repaid them. This will be their 4th loan. The featured member Satyabhama is the one who is standing in the front with raised hand in the photo. She is 46 years old, living in a small house with her husband, four sons aged 18,16,14, and 12 years, and her father-in-law who is suffering from paralysis.

Satyabhama is a very shy-natured and hard-working lady. Her main source of income is cloth weaving and selling. This is her traditional business. Presently she is managing her business successfully with two hand looms where she mainly weaves sari. Satyabhama and her husband do all the work jointly. Her husband brings raw materials (yarn/thread) from a nearby town on credit basis and gives the finished products to the same merchant, which does not give expected returns. She is running in a continuous loss and facing a lot of trouble to maintain the household and cover educational and medical expenses of her family. So she is planning to utilize the whole loan amount to purchase more stock of raw materials like yarn of her own. This will help her to arrest some unnecessary losses resulting from the credit delivery system and frequent movements to bring raw materials.

Satyabhama dreams of constructing a house for her family because the present house is very congested for the family members. Jajnasini, Belmati,Sabitri and Purnami are the other four members doing cloth vending, cloth weaving, and footwear 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
  • 2
    View loans »
    India Loans Fundraising
  • $6,677,075
    Funds lent in using Kiva
  • 54.9
    India Rupees (INR) = $1 USD