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Maa Maheswari-3 Group
In this Group: Padma, Saudamini, Bela, Prabhati
The Maa Maheswari-3 Joint Liability Group was formed in the year 2010 by four poor but active women of Bhawanipatna town of Kalahandi district in Odisha, India to access loans from Mahashakti Foundation and expand their business. Padma, a widowed lady aged about 41 years, is one of them. The lady standing on the extreme left in the photo, raising her hand, is Padma. She lives with her one daughter aged 17 and one son aged 25 years.

Padma has been running a small general store in her locality for the last five years with the help of her husband. She sells general grocery items like rice, sugar, lentils, biscuits, toffees, fuel wood, eggs, etc. Her son is running an egg-selling business with the help of a push cart. Her net monthly income from the existing business is Rs.4,000.

Padma purchases stock for her business daily from the wholesalers of the town. As per her statement, she was able to increase the variety of items in her shop but not the inventory. She wants to increase the stock of her business from this loan amount by purchasing items like lentils, soap, biscuits, spice items, eggs, etc. for her general store. This will help her to reduce her purchasing costs and save time as she currently has to refill her stock on a daily basis.

Padma dreams of taking a permanent cabin in the township on rent to increase the volume of her business and pull some extra income.

The other three members of the group are Prabhati and Bela running auto repair centers and Saudamini running a Tiffin stall business.

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
  • 100
    View loans »
    India Loans Fundraising
  • $6,748,700
    Funds lent in using Kiva
  • 55.7
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Maheswari-3 Group's $1,025 loan helped a member to pay for purchasing lentils, soap, biscuits, spice items, eggs, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
May 30, 2013
May 26, 2013
Currency Exchange Loss: