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Laxmi Sriya Group
In this Group: Manjulata, Swapna, Shantilata, Bimala, Rashmita, Kalyani
Swapna, 34 years of age, is the leader of a group that hails from Muniguda village of Rayagada district of Odisha, India. She lives with her husband. The member sitting second from left with raised hand is Swapna.

Swapna is is running a seasonal goods shop in her locality. Her husband also helps her to improve the sales of their business. During 2010 Swapna, along with other members of her locality, formed a group and took a loan from Mahashakti Foundation for development of their existing business. This is her fourth cycle loan.

At the time of accessing her first loan, her sales were not sufficient to meet her daily needs. Out of their small income they are maintaining their family in a low profile. Now she is very confident in running her business and has developed her business significantly. At present her monthly income is about Rs.7,000. She wants to access a further loan to purchase bulk quantity of seasonal items like pulses, turmeric, hill brooms etc. She has a strong desire to establish a grocery shop in the nearby market.

The other five members of her groupsare doing a milk business, a seasonal business, a medicine store and a hotel.

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
  • 7
    View loans »
    India Loans Fundraising
  • $6,681,725
    Funds lent in using Kiva
  • 59.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Laxmi Sriya Group's $4,200 loan helped a member to purchase seasonal items like pulses (lentils), turmeric, and hill brooms.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jun 6, 2014
Jun 16, 2014
Currency Exchange Loss: