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Jay Sriram Group
In this Group: Gitanjali, Himadri, Jasobanti, Labanidei, Sushama
Gitanjali, the lady standing in the middle with raised hand in the photo, is a very active woman of 38 years of age. She resides in a small house with her husband, one son of 16 years and one daughter of 12 years in a rural village named Chindaguda in the Nuapada district in Odisha, India.

For the last ten years, Gitanjali has run a general grocery shop in her small house with items like soap, shampoo, washing powder, sugar, tea, oil, etc. She started the business with a small investment of her own. At that time, her monthly net income was around 2,000 INR. It was very difficult on her part to maintain the family. So she, with four other women of her village, formed a Joint Liability group named Jay Sriram to avail loans from Mahashakti Foundation.

To date she has already availed three loans of 10,000, 14000 and 28,000 INR from Mahashakti Foundation and has been able to expand her business. Now she is earning a monthly income of 5,000 INR. As per the statement of Gitanjali, this small income is not at all sufficient to manage the family along with educational expenses of her children, so she wants to increase her income by expansion of her existing business.

She has planned to use the loan amount to purchase items like rice, wheat, lentils, oil, soap, potatoes, etc. for her general store. This will help her to reduce her purchasing and transportation costs as she will replenish her stock frequently. She hopes that this investment will give her more income and enough savings that she will be able to construct a house for her family, which is a dream for her, and give better education to the children.

The other four members of the group are Sushama, Himadri, Jasobanti and Labanidei, who are running milk selling, computer center, and vegetable vending 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
  • 70
    View loans »
    India Loans Fundraising
  • $6,089,250
    Funds lent in using Kiva
  • 61.6
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Jay Sriram Group's $2,475 loan helped a member to pay for rice, wheat, lentils, oil, soap, potatoes, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jan 9, 2014
Jan 18, 2014
Currency Exchange Loss: