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Ann Maa Basumata Shg Group
In this Group: Kuntala, Kunti, Renubala, Rama, Pramila, Rasmi, Ambika, Kalabati, Panchi, Keshi
A 54-year-old mother of four children, Kuntala (in the picture the lady standing with raised hand) is a widow who currently only has one schoolchild under her dependency. As a single mother, she struggles in earning her daily cost of living through selling fish and a small grocery shop. For her eight year involvement in the current business, she is able to earn up to 7,000 Indian Rupees (INR) per month.

She is a first-time borrower with People's Forum, Kiva's partner, and feels very confident that she can upgrade her living in a gradual manner.

Now, to better support her business, she formed a group of ten members having the name Ann Maa Basumata SHG to request a loan. All the group members are female and all are engaged in different business activities like fish selling, vegetable selling, paddy cultivation etc. The total of her group loan loan is 250,000 INR. Kuntala will use her loan portion to buy grocery items to support her business. Moreover, she also wants to fix her house so it is in proper condition.

She hopes her business will improve progressively, and also hopes to have her house in good condition.

Additional Information

More information about this loan

This loan is designed for single mothers, widows and unmarried women, who are often excluded from Self-Help Groups in India. Many of these women, usually with families to support, do not have access to microfinance and often work as casual labor or domestic help. Self Help Groups are hesitant to accept them due to the social stigma attached to their status and very few microfinance organizations offer loans to individuals. By supporting this loan, you are enabling a poor woman in India to establish or grow her business.

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 People's Forum

People’s Forum is a development organization based in Odisha, India that provides affordable loan products and support services to women. The organization distinguishes itself by reaching out to particularly marginalized groups, including leprosy-affected families, widows, single mothers, and disabled persons. People’s Forum will harness Kiva’s flexible, zero-interest capital to serve even more borrowers in one of the poorest regions of India.

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
  • 2
    View loans »
    India Loans Fundraising
  • $6,677,075
    Funds lent in using Kiva
  • 61.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Ann Maa Basumata Shg Group's $4,050 loan helped a member to purchase grocery items in bulk like sugar, rice, raw dal, spices, biscuits, tea, flour etc. to support her business.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Nov 30, 2013
Feb 1, 2014
Currency Exchange Loss: