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Maa Manikeswari Group
In this Group: Jayanti, Laxmi, Lochani, Sukanti
Jayanti, aged 39, is the leader of a group that hails from Bhawanipatna Town of Kalahandi district of Odisha, India. She lives with her husband, having one son and two daughters. The member standing second from right with raised hand is Jayanti.

Jayanti is running a grocery shop with the support of her husband in her locality. Jayanti, along with four other members of her village, formed a group and want to take a loan from Mahashakti Foundation for development of their existing businesses for the first time.

Before accessing the loan, her sales were not sufficient to meet her family's daily requirements. She was earning Rs.7,500 per month from her business which is not sufficient to maintain her family. Now she is very much confident in running her business.She has a desire to purchase a refrigerator to keep cold drinks and chocolates to increase her sales.

Of the other three members of the group, Lochani and Sukanti are doing tailoring and Laxmi is doing vegetable vending.

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
  • 4
    View loans »
    India Loans Fundraising
  • $6,681,725
    Funds lent in using Kiva
  • 61.5
    India Rupees (INR) = $1 USD