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Maa Saraswati Shg Group
In this Group: Swarnalata, Manasi, Sulochana, Saraga, Sanju, Prema, Budhei, Rita, Janaki, Golap, Basanti
Swarnalata is a local villager from Angul district of Odisha, India. She is 34 years old and a married mother blessed with three children. Presently, all are relying on her, as they are studying in a local school in the area.

To support her family, Swarnalata grows rice as the main source of income and works for others for a fee to earn extra income. To respond to her demand to better support her crop, she joined a group of eleven to get a new loan from People's Forum (Kiva’s partner). This loan will make Swarnalata be able to uplift her living condition in a timely manner.

Now, she and her co-borrowers are seeking 165,000 INR. As a leader, she will spend her loan portion for seeds and fertilizers for her crop and use a portion of it to spend on plowing the field.

She believes that this purchase will help her to better grow her rice with a good yield in return.

Additional Information

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
  • 120
    View loans »
    India Loans Fundraising
  • $6,155,000
    Funds lent in using Kiva
  • 61.8
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Saraswati Shg Group's $2,675 loan helped a member to pay for seeds and fertilizers for her crop and for plowing the field.
0% repaid
Repayment Term
44 months (Additional Information)
Repayment Schedule
At end of term
Jan 31, 2014
Feb 16, 2014
Currency Exchange Loss: