Niranjan is a 30-year-old physically challenged person living with his wife and parents. He has been running an electronics repair shop in his village market for the last 10 years. He earns 3,000 Indian Rupees (INR) per month. He repairs televisions, radios, fans, DVD players, and CD players. But he needs to go to the market to bring the required spare parts to repair these electronic machines as and when required. He does not have enough funds to have these spare parts in stock. As a physically challenged person it is difficult to go to the market very frequently and he is not able to provide fast service. He wants to purchase these spare parts in bulk and improve his customer service by reducing the turnaround time for the repairs.
Niranjan has applied for a loan of 10,000 INR to purchase spare parts like picture tubes, sensors, remotes, lenses, etc., which are frequently needed in his repair work. This will help him do repairs quickly, provide better service to his customers, and attract more customers. He will also not have to go to the market very frequently. He says he will earn 6000 to 7000 INR per month from this business.
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.