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Maa Baisnabi Group
In this Group: Kakaya, Basanti, Malati, Ratna
The Maa Baisnabi Joint Liability Group was formed in 2013 by four active women of Titilagarh town in the Bolangir district of Odisha, India to access a loan from Mahashakti Foundation and expand their existing businesses. Among the four members, two are old members who have already taken their first loan from Mahashakti in 2011 and two members are new. Kakaya, about 48 years old, is one of the members. The lady standing on the extreme right in the photo, raising her hand, is Kakaya. She is one of the old members of Mahashakti Foundation. She lives with her husband and her three sons aged 19, 15 and 13 years old. All her children are continuing their studies in the local college and school.

Kakaya has been running a general store in her locality for the last 15 years with the help of her husband. She sells general grocery items like rice, oil, sugar, tea, soap, washing powder, lentils, biscuits, soft drinks, toffees, eggs, etc. All types of daily need items are available in her store. Her husband is a very amicable person. He is always cheerful with the customers. Her net monthly income from the existing business is Rs.10,000. Out of this income, she has been able to contribute to the household expenses like the educational expenses of her children. Kakaya purchases stock for her business on a weekly basis from the wholesalers in her town. As per her statement, she was able to increase the variety of items in her shop but not the inventory. She wants to increase the stock in her business with this loan by purchasing items like lentils, soap, biscuits, spice items, etc. for her general store from the nearest wholesale market, which is 200 kms away. This will help her to reduce her purchasing costs and save time as she has to refill her stock frequently. Kakaya dreams of providing a better education to her children as she believes that education is the pillar of all success. The other three members of the group are Malati, Basanti and Ratna. They are running a Tiffin stall, a bamboo basket making and selling business and a tailoring 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
  • 63.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Baisnabi Group's $775 loan helped a member to purchase lentils, soap, biscuits, spice items, eggs etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Aug 20, 2013
Aug 27, 2013
Currency Exchange Loss: