Funded

Total loan: $975
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Samaleswari Group

India
KHARIAR,NUAPADA,ODISHA, India / Cosmetics Sales

A loan of $975 helped a member to pay for purchasing bangles, talc, combs, oil; face cream, plastic items, cosmetics, ornaments, etc.


Samaleswari Group's story

Farzana, an active Muslim married lady of 27, is a permanent resident of Khariar town of Nuapada in Odisha, India. The energetic lady standing on the extreme right with raised hand in the photograph is Farzana. She resides with her husband and one son of three years old. To increase the income of her family, in the year 2013, Farzana, along with four other older women clients of Mahashakti Foundation formed a group named Samaleswari to access loans from Mahashakti Foundation. This is the first loan for her and fourth loan for the other members.

Farzana herself has been running a fancy store in the daily market of Khariar town for last fifteen years with the help of her husband. She basically sells ladies' items like bangles, talc, combs, oil; face cream, plastic items, cosmetics, ornaments, etc. Farzana brings the stock for her fancy store from the wholesale market 200 kms away, that is from Raipur. Presently she is selling fancy items amounting to 1500 INR to 2000 INR per day from which she gets 15 to 20 %. profit. From this small income she is hardly able to cover her family expenses. So she wants to increase the volume of her business to increase the income.

From this loan amount, Farzana purchases fancy items like bangles, talc, combs, oil; face cream, plastic items, cosmetics, ornaments, etc. in bulk to save the transport cost and loss due to rate fluctuation. Farzana assumes that this investment will be profitable for her. She hopes to provide better education to her son and develop her business into a wholesale store in future.

The other four members of the group are Parwati, Nrupamani, Santoshi and Sushama who are running vegetable vending businesses in the daily market.

In this group: Farzana, Nrupamani , Parwati, Sushama, Santoshi
*not pictured



Loan details

Repayment schedule: At end of term
Disbursed date: August 31, 2013
Facilitated by Field Partner: Mahashakti Foundation

Lenders and lending teams



Loan details

Repayment schedule: At end of term
Disbursed date: August 31, 2013
Facilitated by Field Partner: Mahashakti Foundation