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Jagadamba Group
In this Group: Sujeshta, Tilottama, Nalini, Hemalata, Saebani, Tapaswini
Sujeshta is 45 years old and lives in Tetelkhunti village of Balangir district, Odisha, India. The lady standing second from right with raised hand in the photograph is Sujeshta. She lives with her husband and three sons of twenty-six, twenty and thirteen years of age. She belongs to a poor family.

Sujeshta has been running an ice cream making and vending business with salt, biscuits and detergent powder retailing for the last 15 years. Her husband and two sons manage the business. Her husband goes to a wholesale market 300 kms away once a month to bring the stock of salt, detergent powder and ingredients for ice-cream.

From the above business Sujeshta earns approximately 7000 INR which is not sufficient for her to manage her household expenses along with investment for her business. To expand her business Sujeshta formed a group named Jagadamba, taking in other five women from her village to take loans from Mahashakti Foundation. From the present loan she has planned to purchase raw ingredients for her ice-cream business and bulk amounts of salt, biscuits and detergent for resale. She hopes this will help her to increase her income for materializing her dreams of construction of a house and marriage of her sons.

The other borrowers of the group are Tilottama, Nalini, Hemalata, Saebani and Tapaswini with a general store, puffed rice, procurement of pulses (lentils, etc.) and puffed rice selling businesses.

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
  • 11
    View loans »
    India Loans Fundraising
  • $6,744,125
    Funds lent in using Kiva
  • 57.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Jagadamba Group's $1,350 loan helped a member to pay for purchasing raw ingredients for her ice-cream business and bulk amounts of salt, biscuits and detergent.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
May 30, 2013
Jun 13, 2013
Currency Exchange Loss: