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Iswar Allah Group
In this Group: Phatama , Mumataj, Chandrika, Mangala
This group was formed in the year 2011 and named Iswar Allah JLG. It is a group comprising of four women members (two members from the Hindu community and two members from the Muslim community) from the hamlet of Fokat Pada in the village of Gadramunda. The specialty of this hamlet is that all the inhabitants were landless and the government provided them with small patches of land free of cost to construct house for residential purposes. It is located in the Nuapada district, one of the poorest districts of India. One of the members of this group is Chandrika who is standing second from left with her hand raised in the photo. She is an energetic lady of 32 years whose family consists of her husband, two daughters of 15 and 11 years and one son of 13 years. The elder daughter of Chandrika has already married, the second daughter is studying in class 9 and her son is studying in class 7.

Chandrika has been running a bakery factory in her house with the help of her husband. Her husband started the business 20 years ago with a small investment of his own. In the factory, bakery items like bread, roll, cream and toast etc. are being prepared. She has engaged four skilled laborers for processing and making the bakery items for which she has to pay daily from 100 – 135 INR plus breakfast and lunch. Her husband also works in the factory. She supplies the products to retailers in nearby villages and vendors also regularly take the products from her. Chandrika says owing to better quality, design, packing and forms of her products, there is a lot of demand from the locals, but due to a shortage of stock she can not meet their demands. Chandrika earns a monthly net profit of 8,000 INR, which is not sufficient to maintain the family expenses, educational expenses of her children and business expenses like payments to the laborers etc. To increase the income, Chandrika wants to buy more stock of oil, dough, sugar etc. to increase her production level to meet the demands and grab her customers. So Chandrika is planning to use the present loan for purchasing raw materials in bulk, which will reduce her purchasing and transportation costs, and for making a new kiln. She also hopes to save money from the sale proceeds to provide a better education facility to her children and construct a new house.

The other three active members of the group are Fatma, Mumataj and Mangala who are doing mutton, fancy items and a vending business, respectively, hoping to provide better education to their children and increase their living standard.

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
  • $6,744,125
    Funds lent in using Kiva
  • 54.5
    India Rupees (INR) = $1 USD