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Maa Laxmi Group
In this Group: Dipanjali, Kunti, Belmati , Sadei, Sita, Ratna
Dipanjali is 30 years old and lives in Kalsaipali village of Balangir district of Odisha, India. Kalsaipali is a rural village located nearest to Balangir town. The lady standing second from the left with raised hand in the photograph is Dipanjali. She is young and a very active and energetic lady. She lives with her husband and one son of three years. She belongs to a poor family.

Dipanjali has been running a general store in her village for the last twelve years with the active help of her husband. Her husband manages the general store and Dipanjali helps him as and when needed. In the general store they sell general grocery items like oil, sugar, tea, soap, washing powder, lentils, biscuits, toffees, eggs, etc. Her net monthly income from the existing business is 5000 INR. Out of this income she can hardly cover her business as well as household expenses.

Dipanjali’s husband purchases stock for her business on daily basis from the wholesalers of the nearest town of 5 kms away. For this he has to spend a lot of time which hampers the business. To remedy the present situation, she wants to increase stock of her business. Therefore Dipanjali formed a group with five other members of her village to access loans from Mahashakti Foundation. From this loan amount of 10,000 INR she wants to purchase items like lentils, soap, biscuits, spice items, etc. Dipanjali hopes this will help her to increase her income to make her dreams of construction of a house, purchasing a bike and better education of her only child come true.

The other five borrowers of the group are Kunti with a general shop business and Belmati, Ratna, Sadei and Sita with milk businesses.

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
  • 6
    View loans »
    India Loans Fundraising
  • $6,682,200
    Funds lent in using Kiva
  • 64.5
    India Rupees (INR) = $1 USD