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Maa Mangala Group
In this Group: Jasoda, Sushama, Ambuja, Padamphula, Kaushalya, Padmabati, Shail, Indumati, Padmabati, Phul
Jasoda, the lady sitting in front with her hand raised in the photograph is a young and active married woman who is 28 years old. She is a permanent resident of Hatibandha village in Nuapada district in Odisha, India. She hails from a business class family. She resides with her husband and two children. Her children are studying in a private school in her village.

Jasoda has been running a computer center with a photo copier and photo studio in her village with the help of her husband for the last nine years. Presently, she is earning a monthly income of 10,000 INR. With this small income, Jasoda can hardly manage her family's expenses along with her business investment and the educational expenses of her children. Prior to the intervention of Mahashakti Foundation, Jasoda was in search of a credit source to expand her business to meet her financial needs. When Mahashakti started working in her village, she motivated nine other women from her locality and formed a Self Help Group named Maa Mangala to take a loan for the development of their businesses. Jasoda herself took a loan of 16,000 INR to purchase a new photocopy machine for quality service to her customers. Jasoda hopes this investment will definitely help her to increase her income. With this vision, she hopes to give better higher education to her children, as now they are at the primary school stage. In the future, she dreams of purchasing a digital video camera.

The other nine members of the group are running a tailoring center, a betel shop, a computer and courier service, a Tiffin stall, vending vegetables, etc.

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
  • 82
    View loans »
    India Loans Fundraising
  • $6,089,250
    Funds lent in using Kiva
  • 59.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Maa Mangala Group's $2,700 loan helped a member to purchase a new photocopy machine.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
May 14, 2014
Jun 15, 2014
Currency Exchange Loss: