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Ruksana-A Group
In this Group: Ruksena, Najanin, Kusum, Nashaba
Nashaba has formed a Joint Liability Group named Ruksana-A in Bhawanipatna town in the Kalahandi district in Odisha, India. Almost all the members of this group belong to a minority category and are below the poverty line. The lady standing on the extreme right in the photograph is Nashaba.She is 45 years old and resides with her husband, one son and one daughter.

Nashaba is running a ready-made clothing shop in the heart of the town. It has been running successfully with the help of her husband for the last 10 years. Her son also helps in her business at times. Nashaba’s husband purchases ready-made garments from a wholesale market 700 kms. away i.e. Kolkata. She earns a monthly income of 10,000 INR from her business, which is insufficient to maintain her family and to give proper education to her grown up children. With this background, she has decided to take a loan from Mahashakti Foundation to purchase some ready-made garments in a lot, which will save her time, money and energy and contribute some profit to her business. Nashaba has long cherished to construct a house of her own and give a technical education to her children.

The other three members of her group are Ruksena, Najanin and Kusum, who are running an auto repairing centre, a cloth business and a tea and betel nut sho,p respectively.

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
  • 115
    View loans »
    India Loans Fundraising
  • $6,155,000
    Funds lent in using Kiva
  • 54.8
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Ruksana-A Group's $1,025 loan helped a member to purchase ready-made garments.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jan 15, 2013
Dec 18, 2012
Currency Exchange Loss: