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Satya Sai Group
In this Group: Tapaswini , Padmini, Urmila , Jayanti
This group is called Satya Sai. Its four members are all women belonging to Balangir town of Odisha, India.

Among the four members, one of the group members is Padmini. The lady sitting in extreme right raising her hand is Padmini. She is 45 years old and lives with her husband, two sons, two daughters, daughter in-law and two grandchildren.

Padmini is running a multifarious business with the help of her husband and sons. Her son is running a snacks, sweets, gram, popcorn making/processing and supply business at her house. He also supplies dry foods like biscuits, chocolate, chips etc., to the traders of the town on a daily basis. Apart from this, he also covers 50 shops outside the town. Her husband takes order of assembling CFL (compact florescent light) bulbs from electrical goods wholesellers. She has also a tailoring machine for stitching ladies' garments. Padmini initially started her business in a low profile with two or three items. With the support from Mahashakti foundation, the business slowly expanded in to many activities.

Her families spends almost 12 hours a day making snacks and making packets for selling and assembling electrical bulbs. In this process her family earns a monthly profit of 6,000 INR. According to Padmini this amount is not sufficient to manage her business as well as the family expenses. Therefore, she wants to buy a stock of raw materials like cooking oil, sugar, dough and dry food items so that they have enough stock to carry on their business regularly without any intervention and earn some extra profit. So Padmini has planned to use the present loan to buy cooking oil, sugar, dough and dry food items in bulk. Thereby she will save transportation cost and get the cash discount. She hopes to purchase a leaf plate pressing machine in the near future to start another business. She also dreams to construct a house building and provide better education to her grandchildren.

The other three members of the group named Tapaswini, Urmila and Jayanti are involved in businesses like wholesale fruits, general grocery shop and milk.

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
  • 4
    View loans »
    India Loans Fundraising
  • $6,740,525
    Funds lent in using Kiva
  • 58.0
    India Rupees (INR) = $1 USD