Pabitra is a 29-year-old physically challenged person. He is unmarried. He lives with his parents and elder brother. He is a responsible son and is determined to do well in his business to support his parents. He has a small grocery store in his village for which he pays monthly rent of 500 INR. He is selling food items like rice, lentils, and spices. He has to travel every three days to the nearest market in Balipatna, a small village in the beautiful temple state of Odisha, India, to get more stock.
He wants to reinvest in his grocery store so that he can stock more inventory at his shop to meet the demand of the local people and reduce his transportation and buying cost. He says that buying in bulk will allow him to avoid his frequent travel to buy stock and will help him get the stock at a cheaper price from the wholesaler. This will increase his earning capacity.
Pabitra has requested a loan of 20,000 INR to purchase more of what he is selling right now in order to increase his inventory level. He also wants to add more variety to his existing product line by buying more brands of spices and cooking oil. He says that the presence of more than one brand of an item at his shop will help him reach out to an increased customer base. With the increased cash flow, he is sure he can take good care of his parents and give them a good life in their old age.
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.