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Thakurani Group
In this Group: Taruni, Mina, Kabita, Bhumisuta
Taruni is an active married lady, age 45, and a permanent resident of a rural village called Luthurbandh in Titilagarh block of Bolangir district of Odisha, India. Bolangir district is one of the underdeveloped areas of Odisha with 80% rural population. The lady sitting second from right with a raised hand is Taruni. She lives with her husband and four sons, ages 27, 24, 21 and 18 years. To increase the income of her family, in the year 2011, Taruni along with four other like-minded women from her village formed a group named Thakurani and availed a loan from Mahashakti Foundation.

Taruni is running two businesses. One is procurement of seasonal agricultural products like paddy, pulses, etc., and selling them in the market at a higher price. Another one is a milk business. The husband of Taruni goes from market to market and procures the products. Taruni helps her husband to stock the materials in their residence. She also does her milk business from her house.

Taruni earns a monthly income of 6,000 Indian rupees from the present business. From this small income, she can hardly manage her family's expenses. So, she wants to increase the volume of her business to increase her income. Taruni wants to invest the entire loan amount in the procurement of agricultural products. This will help her to make some extra income in the pick period. Taruni hopes to construct a house and get marriages for her sons.

The other three active group members are Mira, Kabita and Bhumisuta, who are doing dry fish, tailoring and fancy item vending businesses 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
  • 2
    View loans »
    India Loans Fundraising
  • $6,677,075
    Funds lent in using Kiva
  • 54.5
    India Rupees (INR) = $1 USD