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Kanaka
Kanaka is a 52-year-old married woman living with her husband and her two sons. Her husband is ill, but he supports his family by pulling a trolley-rickshaw. A trolley-rickshaw is generally used to carry scrap material or for luggage transportation. Her younger son has had a salon for the last two years and the other son is working at a local hotel as a waiter.

She needs a loan of 20,000 Indian Rupees (INR) from People's Forum to purchase a rotating chair, mirrors and other accessories for her son's salon to make it as attractive and competent as the other shops in the village and increase the number of customers coming to the shop.

She aspires to earn more money through the increased facilities in the shop which will not only provide the basic needs for her family but also enable her to share the burden of her sick husband.

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
  • 204
    View loans »
    India Loans Fundraising
  • $5,212,200
    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 Kanaka to pay for purchasing a rotating chair, mirrors and other accessories for her son’s salon.
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