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Sai Baba Group
In this Group: Rajeswari, Rajeswari, Sarojini, Nayana
Nayana, age about 32 years old, is the group leader of a four-member group from JKPur Town situated in Rayagada District of Odisha State in India. Her family consists of five members: her husband and three daughters, ages about 13, 10 and 8. The member standing at the extreme right is Nayana.

Nayana is a very active lady who wants some extra income from her own efforts. She has been running a tailoring shop with the support of her husband for the last five years.

Nayana along with three other members of her village formed a group, and this is the first time they will take out a loan from Mahashakti Foundation for the development of their existing businesses. At present, Nayana's family income is 5,000 Indian rupees (INR) per month, which is not sufficient to maintain her family. To improve her living conditions and to earn some extra income, she wants to avail a loan. From the loan she will purchase a Pico machine. She has a dream of opening a training institute for tailoring in her locality.

Regarding the other three members of the group, two members, Rajeswari and Sarojini, want a loan for leaf plate making and selling and the third member, Rajeswari, wants a loan for a salon.

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
  • $6,740,525
    Funds lent in using Kiva
  • 62.0
    India Rupees (INR) = $1 USD