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Sai Shakti Group
In this Group: Ch.ramadevi, Sapna , K.kameswari, Sasmita
Ch.Ramadevi lives in the small village of Bissam Cuttack in the district of Rayagada, Odisha, India. She is a headstrong and confident lady. She hails from a poor family below the poverty line. The lady standing extreme left in the photo raising a hand on her grinder is Ch.Ramadevi. She is 35 years old and lives with her husband and two daughters, age 18 and 16 years.

Ch.Ramadevi has been running a scrap trading business for the last five years with the hand-holding support of her husband. She has also a grinding machine in her house. Ch.Ramadevi gets a monthly income of INR 8,000 from the above businesses. Out of this income she hardly is able to manage her household expenses, and she has not been able to save for her daughter’s marriage and future uncertainties.

In the year 2011, Ch.Ramadevi, along with three other women, formed a group named Sai Shakti to avail loans from Mahashakti Foundation to expand their businesses. Now she wants a second cycle loan for purchasing more scrap for the improvement of her business.

In future, she wants to have her daughter married in a respectable family of her locality and in a befitting manner. She also wants to establish a hotel in future.

The other three members of the group, Sapna, Sasmita and K.Kameswari, need loans for a fast food stall and tiffin (light meal) business, a leaf plate making and selling business, and a goldsmith business, 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
  • 92
    View loans »
    India Loans Fundraising
  • $6,119,375
    Funds lent in using Kiva
  • 59.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Sai Shakti Group's $875 loan helped a member to purchase more scrap.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jul 30, 2013
Jul 19, 2013
Currency Exchange Loss: