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Laxmipriya
Laxmipriya is a 27-year-old woman living with her two children aged 8 and 10. They are going to school. She was happily married to Mr. Abhimanyu until she lost her husband in an accident four years back. Since then she has been working hard to make ends meet, starting a tailoring business at her home. She was involved in this business before her marriage as well and has known this trade for the last 10 years. She currently owns one sewing machine and has trained some girls in her village for money.

She needs a loan of 20,000 Indian Rupees (INR) to buy two more sewing machines and hire the trainees as her staff to help her in taking more orders from the customers and delivering better service to them. She also wants to buy some furniture like wooden racks to keep the stitched and unstitched clothes as she sees an increased amount of work and demand from customers with these expansions in place. Her dream is to give her children a better education and a quality life.

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
  • 199
    View loans »
    India Loans Fundraising
  • $5,211,575
    Funds lent in using Kiva
  • 55.5
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $375 helped Laxmipriya to buy two sewing machines and wooden racks, and to hire staff.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 26, 2012
Listed
Aug 15, 2012
Currency Exchange Loss:
Possible