Akshaya is an ambitious 26-year-old single man living with his parents. He is a differently abled man who has a mobile repairing and soft drinks shop.
He sells mobile phone parts like panels and key pads, as well as mobile accessories and soft drinks in his shop. He can meet the basic repairing needs of a customer. But for advanced repairs he has to travel to the nearest balugaon (a village in Odisha, India) market to purchase the mobile repairing parts/materials like display, keypad as and when a customer comes. He wants to be able to give the best service to his customers from his village with as little turnaround time as possible and capture the business opportunity, as his shop is the only shop in the village that provides these services currently.
He wants to now buy and stock up such advanced repairing materials at his shop to avoid the travel, and he says that buying at bulk will help him reduce buying costs as well. He needs a loan of 30,000 Indian Rupee (INR) to buy these parts and hire one more staff member to help him around the shop. In the future, he wants to expand his business and open a big private company and create a living for other people like him.
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.