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Matan
Matan is a 25-year-old differently-abled lady living with her parents, younger brother, and sister. She is the only one who financially supports her family. Her brother does not have any fixed source of income. He works in the paddy fields as a daily laborer which depends on the season. She runs a tailoring shop at a rented place in a good location in the market. She started with one sewing machine. She slowly involved her friend with some training in the business and grew to owning two sewing machines. Her business is growing with interest from other girls in the village eager to learn and get trained from her. She enjoys teaching what she knows and hopes to give other girls in her village a source of income.

She has requested loan of 20,000 Indian Rupees (INR) from People's Forum to purchase two additional sewing machines and rent a room for training purposes. After some time she can appoint trainees as additional work staff to help her and eventually grow her business. She wants to give her family a good living standard and get her younger brother and sister well-educated to see them work for a multinational company (MNC).

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

  • $2,900
    Average annual income
  • 10
    View loans »
    India Loans Fundraising
  • $4,390,650
    Funds lent in using Kiva
  • 55.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $375 helped Matan to buy two additional sewing machines and rent a room for giving training to her village girls.
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