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Neheru Group
In this Group: Iswariama, Santoshi, Rashmita, Mutalluama
Iswariama is a housewife aged 38 years, who lives with her husband and four children in a rural village named Basuguda in Rayagada district of Odisha state in India. The lady standing second from the left raising her hand is Iswariama.

She has been running a grocery shop for the last four years and also has worked as the main cook for marriage parties in nearby villages. Her family gets a monthly income of 6,500 INR which is very little to cover her family's expenses. Presently, she, along with her family members, lives in a thatched house.

She wants to access a loan from Mahashakti to purchase rice, oil, sugar, salt, tea, potatoes, onions, garlic, and washing powder, etc. for her grocery shop. This is the first loan of the group from Mahashakti.

The other three members of the group Santoshi, Rashmita and Mutalluama are doing bamboo work, a "leaf plate" business and a grocery shop 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
  • 100
    View loans »
    India Loans Fundraising
  • $6,748,700
    Funds lent in using Kiva
  • 64.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Neheru Group's $625 loan helped a member to purchase rice, oil, sugar, salt, tea, potatoes, onions, garlic, and washing powder.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Aug 6, 2013
Aug 29, 2013
Currency Exchange Loss: