Mahamaya Self-Help Group
Radharani has tracts of cultivable paddy fields in the Mathurapur II Block of South 24 Parganas district of Sundarban region. The major part of the region is covered with agricultural land and ponds and the river flows close by the fields. With help from her family members, she is cultivating paddy. But the income generated is insufficient to support her family. Radharani wants to increase the productivity. For this reason, she is seeking a loan to buy better quality seeds and fertilizers.
Kanchan wants to start a fishery business. Anjali and Bandana want to invest in betel vine farms as the region has a huge demand for betel leaves.
More information about this loan
This loan was designed by MicroGraam to provide new means of income for borrowers in the Sunderbans region of West Bengal. The majority of the region is heavy dependent upon rain-fed agriculture, leading to extremely low income and food insecurity. MicroGraam’s partnership with the non-profit organization Sabuj Sangha has made this loan possible. Sabuj Sangha offers trainings and loans to allow borrowers dependent on rain-fed agriculture to purchase inputs and technology like bucket irrigation systems or to invest in local enterprises that provide an alternative to agriculture. By funding this loan, you are helping borrowers in India access business training and consulting services that allow them to make a livelihood transition without placing added pressure on dwindling finances.
Important note about this loanDue 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 >
Additionally, this loan may be post-disbursed, in which case this borrower will only receive the loan after it has been 100% funded by Kiva lenders. Because it is difficult to predict when a loan will be fully funded, the disbursement date may have been estimated by the Field Partner and may be inaccurate by several days or weeks.
MicroGraam is a Bangalore-based, crowd-funding lending platform that aims to promote development and growth throughout India by providing underserved populations with access to formal loan capital.
In order to provide critical capital in remote areas of India, MicroGraam collaborates with various partners located across the country, applying a structure very similar to Kiva’s. The organizations currently provide clients -- most of whom are women -- with three types of loans: (1) agricultural loans, (2) educational loans, and (3) microenterprise loans.
Kiva lenders’ funds will enable MicroGraam to forge new partnerships with important social organizations, connecting more rural areas with critical access to capital.
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.
Loan tags help lenders find loans that match certain areas of interest. You can add up to 5 tags for this loan.
91View loans »
This loan has been fully funded!