Kamala Lochan is a 32-year-old, differently able person living with his parents, one brother aged 27, his wife aged 28, one son aged 7 and his daughter aged 4. He is the only earning person in his family. He has a variety shop in his home. He has 4 years of experience in this field. He earns 6000 INR in a month by selling packaged food items like biscuits, chocolate, spices, betel, soap, detergent, etc. This is not sufficient for him to manage his family expenses. To grow his business he needs some financial support.
He has applied for a loan of 25,000 INR to add grocery items to his shop. He wants to purchase pickles, rice, lentils, cooking oil, toothpaste, and toothbrushes to add to his inventory so that he can earn 6,500 to 7,000 INR per month from this business. He hopes to build a house for his family and send his children to a good school.
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.