A loan of $2,475 helped a member to pay for rice, wheat, lentils, oil, soap, potatoes, etc.

Jay Sriram Group's story

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.

In this group: Gitanjali, Himadri, Jasobanti, Labanidei, Sushama

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