Check out some available loans that are similar to this one!
Akshaya
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.

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
  • 77
    View loans »
    India Loans Fundraising
  • $4,835,525
    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 Akshaya to buy mobile phone parts like panels, key pads, accessories, and advanced repair materials, and to hire staff.
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