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Jaya Durga Group
In this Group: Mohini, K.jamuna, Shridebi, Kishori
Jaya Durga Joint Liability Group was formed in the year 2011 by four active women of Titilagarh town of Bolangir district in Odisha, India to access loans from Mahashakti Foundation to expand their business. Shridebi, aged about 36 years, is one of them. The lady standing extreme right in the photo, raising her hand, is Shridebi. She lives with her husband and two daughters aged 14 and 4 years old. Both her children are continuing their studies in the local school.

Shridebi has been running a fish trading business for last 10 years with the help of her husband. Her husband usually purchases 1 ton of fish daily from a distant place, 800 kms away, i.e., Andhra Pradesh, by train. Shridebi supplies it to 30 customers of the town and nearby villages. She gets a profit margin of 5 INR per 1 kg of fish. In this way she gets a monthly profit of 8,000 INR. Out of this income she has been able to contribute some part for household expenses like the educational expenses of her children.

Shridebi wants to increase the volume of her business from this loan amount by purchasing more fish to supply. This will help her to get some extra income. Shridebi dreams of providing better education to her children as she believes that education is the pillar of success and also of constructing a good house for residential purposes.

The other three members of the group are Mohini, K.Jamuna and Kishori with a TV cable business, tailoring and gold smith and bike repairing garage 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
  • 3
    View loans »
    India Loans Fundraising
  • $6,677,075
    Funds lent in using Kiva
  • 54.5
    India Rupees (INR) = $1 USD