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Raghunath
Raghunath is a 40-year-old differently able person living with his two wives, two daughters and one son. He is engaged in the activity of selling fresh fish and dried fish. He purchases fish from fishermen and sells it in the market near his village. He travels long distances on his tricycle (cycle specially made for physically challenged persons) for purchasing fish which is very difficult for him. And even then, he is not able to purchase fish in bulk as he does not have any refrigerated container with him.

He wants to buy a motor bike with 4 wheels which is specially made for physically challenged persons and wants to set up an ice box on his bike where he can keep his fresh fish and prevent them from spoiling. He has requested a loan amount of 40,000 INR for purchasing the bike with icebox and more stock of fish.

He has a dream to give a better life to his family and fulfill their basic needs.

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
  • 12
    View loans »
    India Loans Fundraising
  • $4,576,200
    Funds lent in using Kiva
  • 55.7
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $725 helped Raghunath to pay for purchasing a motor bike (with 4 wheels) and for setting up an ice box on his bike where he can keep his raw fish and prevent them from spoiling.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 9, 2012
Currency Exchange Loss:
Possible