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Jay Bajarangi Group
In this Group: Basanti, Gunjalata, Basumati, Bimala
Gunjalata, aged 45, is a hard-working lady from Tukla village of Nuapada district in Odisha, India. The lady standing on the extreme left with raised hand is Gunjalata. She is residing with her husband (age 55), two sons of 15 and 22 and one daughter of 18 years old. She herself has been running a general grocery store selling daily need items like potatoes, rice, oil, soap, shampoo, biscuits, tea, sugar, etc. for last 15 years and her husband is running a tailoring center in their house. All of her family members assist each other to manage the businesses. She earns a monthly income of 8000 INR from the existing business which is just hand to mouth for the family.

In the year 2009 Gunjalata, along with three other members from her village formed a Joint Liability Group to access loans from Mahashakti foundation for developing their business. Prior to this, Gunjalata has already accessed four loans from Mahashakti Foundation and each time she has been able to add some extra items to her shop. This is the fifth loan for her and from one part of this loan she wants to purchase stock of potatoes, rice, oil, soap, shampoo, biscuits, tea, sugar, etc. in bulk from the nearest wholesale market to avoid the regular transportation cost and loss due to price variation. From the other part she will purchase some materials like thread, buttons, etc. and fabric for her husband’s tailoring center.

Gunjalata believes she will earn more income from this investment which will help her to manage her family expenses smoothly. She hopes to construct a good house and arrange the marriage ceremony of her daughter in a decent manner.

The other three members of the groups are Bimala and Basnati with cloth vending businesses and Basumati with a general grocery shop and cloth vending business.

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
  • 8
    View loans »
    India Loans Fundraising
  • $6,682,200
    Funds lent in using Kiva
  • 61.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Jay Bajarangi Group's $2,250 loan helped a member to pay for purchasing potatoes, rice, oil, soap, shampoo, biscuits, tea, sugar, etc. and thread, buttons, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jul 31, 2013
Aug 10, 2013
Currency Exchange Loss: