Mamata is a single mother, who lives with her father and son aged 16. Her son is attending college. Hers is the only source of income for her family. Mamata sells bangles, nail polish, and gold-plated jewelry items. She has been in the business of selling cosmetics and jewelry for six years.
She is applying for a loan to buy more plated jewelry and beauty products such as make-up, lipsticks and creams, in order to improve and enrich the business through the availability of more variety of products to meet customer demand.
This loan will help her improve her sales and enable her to offer a new product line to her customers. Her objective is to expand the business and include new products, such as clothing, to her existing business. She wants to save for her son's education with the increased revenues from the increased sales supported by the variety in products.
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.