Ahalya is a 27-year-old single mother living with her six-year-old daughter in her father's house. She has been involved in the carpet-making business for the past 10 years: she gets raw materials from a dealer and supplies the finished goods to the same dealer for which she gets the labour cost. It takes one month to knit one carpet working four hours a day. She sells one carpet in a month and earns 2,500 Indian Rupees (INR) for one carpet (the price of the carpet depends on its size).
She needs a loan of 25,000 INR to purchase her own raw materials for making carpets, i.e., wool and thread, so she can sell them in the market directly to the retailers. This way she can earn more as she can get the actual selling price for the carpet. She also plans to utilize a portion of the loan to buy the raw materials necessary for making incense sticks. She plans to divide her time between making carpets and incense sticks as necessary. She will sell these incense sticks to shops in the nearby village market.
Going forward she hopes to grow this business and hire two more additional staff to help her manage the business and create a living for other women like her in the village.
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.