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Banamali is a 60-year-old physically challenged person living with his wife, son, and daughter-in-law. He sells tea, biscuits, betel and wafers in his shop, earning 2,000 Indian Rupees (INR) per month.

His son is a worker in a stone crushing factory. His son's job is to manually crush larger stones into smaller pieces with a hammer. These smaller pieces are then fed into a machine to make concrete.

He wants to purchase a refrigerator to sell soft drinks and buy more stock and variety of biscuits, betel and wafers through which he says he can increase his sales and customer base as well. He also wants to buy some wooden furniture, like benches, to seat his new customers and keep his existing customers for a longer time at his shop and increase his sales. A lot of meetings in the village happen over tea at shops like these and having benches for them to sit at his shop will enable him to get more of such customers and keep them for a longer time at this shop. This will increase his sales for tea and other merchandise as well.

He needs a loan of 25,000 INR for making these changes. With enough savings from the increased earnings he can make his dream of building a concrete house come true.

Additional Information

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.

About India

  • $4,000
    Average annual income
  • 36
    View loans »
    India Loans Fundraising
  • $5,654,350
    Funds lent in using Kiva
  • 55.8
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $450 helped Banamali to buy wooden furniture to seat his customers, a refrigerator to keep soft drinks, and more biscuits, betel and wafers for his shop.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jul 27, 2012
Aug 15, 2012
Currency Exchange Loss: