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Maha Laxmi Group
In this Group: Radhamani, Rina, Subasini, Sushama, Sasmita
Muniguda is a small town where Radhamani, a widow age 51, is residing with her son of 31 years and a daughter of 21 years of age. Muniguda is situated in the Rayagada district of northern Odisha, India. The government has declared Rayagada as a backward district in Odisha state. Tribal people are the primitive community of this area. They depend on agro-forestry products. So some people have migrated from the coastal belt to this area to earn their livelihood by adopting some business. The family of Radhamani, the featured member standing on the extreme left with her hand raised, also migrated from another district to Muniguda and started a general grocery shop. Seven years ago, her husband, Trinath, died due to illness. She could not give him the appropriate treatment due to her poor income. After her husband’s death, she started making leaf plates and sold them in the market. Her son runs his father’s shop but their income is not sufficient to manage their family.

Therefore, Radhamani formed a Joint liability group in the year 2010 with five women in her locality, named Maha Laxmi to get a business loan from Mahashakti Foundation. In the first loan, she got 12,000 rupees and as she has experience stitching from her parent’s house, she purchased a sewing machine. She started stitching ladies and gents dresses. In the second loan, she got an 18000/- loan from Mahashakti and purchased a Pico machine to help her in tailoring work. Her income gradually increased . In the meantime, her son married. This is the third loan for Radhamani and with this loan she is planning to purchase some new cloth to sell and stitch. Now she is very happy. She is maintaining a peaceful and pleasant life with her son, daughter and daughter in law. She has a dream of marrying her daughter to a good businessman. She is improving her business to realize her cherished dream.

The other four members of the group are Rina, Sasmita, Subasini, and Sushama.

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
  • 3
    View loans »
    India Loans Fundraising
  • $6,677,075
    Funds lent in using Kiva
  • 54.4
    India Rupees (INR) = $1 USD