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Sakti Maa Santoshi Self Help Group
In this Group: Saroswati, Rashmita , Anjana , Gul , Kumati , Jayanti , Anjali , Malli , Padmabati , Basanti , Niru *
* not pictured
The group Sakti Maa Santoshi Self Help Group (SHG) has 11 members who are all from the same neighborhood. The lady sitting third from the left hand side, wearing a blue sare in the photo is Saroswati who is the leader of the group. Saroswati is a 41-year-old woman married to a worker in Angul district in Odisha, India. The couple has two children who are in school. Saroswati lives with her children and, together with her husband, takes care of all the household expenses. In order to help with all the family expenses, Saroswati has been involved in selling rice to the nearby market and to the dealers of rice in the district super market, for the past eight years. She purchases rice directly from the farmers. Then she supplies it to the rice dealers and sells it in the nearby market. In order to strengthen the business and respond to client demand, Saroswati, together with the group Sakti Maa Santoshi SHG, is requesting a loan from Peoples Forum to purchase rice in bulk to store in a warehouse for fulfilling future demand and to cover their operational costs. Their goal is to increase their business activity.

Additional Information

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 People's Forum

People’s Forum is a development organization based in Odisha, India that provides affordable loan products and support services to women. The organization distinguishes itself by reaching out to particularly marginalized groups, including leprosy-affected families, widows, single mothers, and disabled persons. People’s Forum will harness Kiva’s flexible, zero-interest capital to serve even more borrowers in one of the poorest regions of India.

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
  • 54.4
    India Rupees (INR) = $1 USD