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Maa Tarini Group
In this Group: Ful, Kousalya , Nirupama , Duhita, Ranjita, Saibalini
Ranjita is an active and energetic married lady, who is 45 years old and a permanent resident of Bolangir town of Odisha, India. Bolangir district is one of the underdeveloped areas of Odisha. The lady in the middle with the raised hand in the photograph is Ranjita.

Ranjita lives with her husband and two sons, who are 6 and 4 years old. To work and earn some income, Ranjita started a home shop business five years ago with her own investment. In 2010, when Ranjita got confidence in being able to run this business, she and five other like-minded women of her locality formed a group named Maa Tarini for availing loans from Mahashakti Foundation to develop their businesses.

Ranjita specially sells ladies fancy items like bangles, talc, plastic items, cosmetics, ornaments, etc., from her house. Apart from that, she has a tailoring machine stitching ladies garments. Ranjita buys stock for her home shop in her town. Presently, she is selling fancy items worth 300 Indian rupees (INR) to 500 INR per day, from which she gets 15 to 20% profit. From this small income, she barely manages her family's expenses. So, she wants to increase the volume of her business to increase her income.

With this present loan, Ranjita wants to purchase ladies fancy items and different varieties of bangles. Ranjita is confident enough to have a business of her own and hopes to give a better education to her two sons.

The other five energetic group members are Ful, Kousalya, Nirupama, Duhita and Saibalini who are running a carpenter and meals supply, broiler, meals hotel, vegetable vending business and tailoring centre 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
  • 0
    View loans »
    India Loans Fundraising
  • $6,681,725
    Funds lent in using Kiva
  • 55.6
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Tarini Group's $1,525 loan helped a member to pay for purchasing bangles, talc, plastic items, cosmetics, ornaments, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Apr 30, 2013
May 27, 2013
Currency Exchange Loss: