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Sai Ram Group
In this Group: Kalpana , Sundari, Premsila, Latika, Banita
Banita is a married woman, 28 years old, who lives in a remote rural village named Barpadar, in the Nuapada district of Odisha, India. The lady sitting in the middle with raised hand is Banita. She lives with her five-member family consisting of her husband and three daughters of 9, 6 and 3 years of age. Her two elder daughters are continuing study in school. She has a very shy nature and always devotes her efforts to getting her family ahead.

For the last five years, Banita has been running a general grocery shop in her house. Initially she started the business in a low profile with limited items like potatoes, soap, sugar, tea dust, tobacco, chocolates, etc. Gradually she expanded her business and added extra items regularly.

Due to her good behavior, her business has gradually grown and become established. This year, Banita joined a group of her village named Sai Ram with the existing four members to avail loans from Mahashakti Foundation for expanding her existing business. All members of this group hail from poor backgrounds in the below poverty line category.

Now Banita is earning 100/200 INR daily from her business. Banita wants to keep more stock for her shop but, due to financial scarcity, she is not able to this. So from this first loan from Mahashakti Foundation, she has planned to buy merchandise for her business such as sugar, vegetables, oil, noodles, potatoes, onions, dough, etc. in bulk. She expects to increase her sales and thereby her income, which will serve to ensure the education and welfare of her children.

Banita hopes to build a permanent cabin in the center of her village for running her business. She also hopes to provide better education to her children.

The other four members of the group are Latika, Premsila, Sundari and Kalpana, who are running a spice business, a shop and washing powder vending business, a vegetable vending business and a vegetable cultivation 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
  • 43
    View loans »
    India Loans Fundraising
  • $6,748,700
    Funds lent in using Kiva
  • 59.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Sai Ram Group's $1,050 loan helped a member to pay for purchasing sugar, vegetables, oil, noodles, potatoes, onions, dough, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jul 25, 2013
Jul 23, 2013
Currency Exchange Loss: