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Chanchala
Chanchala is a 34-year-old widow living with her mother-in-law and two sons aged 12 and 4. Her sons are attending school. She has been running a tailoring shop at her house for the past five years. She currently has two sewing machines and stitches dresses and bags for multipurpose use like to carry luggage, to carry for travelling, and for school-going children. She has contracts with local sellers in the market who come and collect the finished bags from her. She earns 6,000 Indian Rupees (INR) monthly from this business.

She needs a loan of 30,000 INR for purchasing two new sewing machines and fabrics and to hire a workforce to help her with the additional work. She also plans to use a portion of her loan to build a separate room from her house where she can run her tailoring business as she says that it will not be convenient to run her growing business in the house with her sons studying. She hopes to have her sons go to a good school and save enough to see them become engineers.

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
  • 160
    View loans »
    India Loans Fundraising
  • $5,194,825
    Funds lent in using Kiva
  • 55.5
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $550 helped Chanchala to buy two sewing machines and fabrics and to hire a workforce to help her with the additional work.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
Possible