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Mahamayee Group
In this Group: Babita, Basanti, Kabita, Mamata, Rina, Shanti
Basanti is the leader of a group that lives in a rental colony of Bhubaneswar of Khurda district of Odisha, India. She is a married woman of 37 years. She has a family comprised of five members. The member standing at extreme left with raised hand is Basanti.

She has been managing a dairy firm in her locality. There is huge demand for milk and dairy products in the locality and of course at different hotels also. Her husband helps her to manage the dairy firm.

Out of her small income Basanti is maintaining her family in a low profile. To improve her living condition and to earn some extra income, she wants to access a loan from Mahashakti. At present her monthly income is Rs.6,000. From the loan she will purchase a cow. She dreams of having a Pacca (brick-built) house of her own.

The other five members also want a loan for a hotel, vegetable vending, tailoring and a milk business.

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
  • 2
    View loans »
    India Loans Fundraising
  • $6,681,725
    Funds lent in using Kiva
  • 59.3
    India Rupees (INR) = $1 USD