Check out some available loans that are similar to this one!
Mahima Prasanna
Mahima Prasanna is a 34-year-old physically challenged man living with his family in the small village of Odisha, India. His family consists of his parents, younger brother and his wife. His father is engaged in farming, his mother and his wife are homemakers and his younger brother works as a blacksmith. Whatever they earn from these activities is used for consumption purpose and is not sufficient for them to live happily and afford all the necessities of life.

Mahima Prasanna belongs to a blacksmith family, but as a physically challenged person, he is unable to do this activity. So to support his father financially, he started a grocery shop in his village four years ago. His village has a population of 95 families and there are only two grocery shops. People depend on these two shops for grocery items and snacks. He sells food items like rice, cooking oil, lentils, spices, packaged food items like biscuits, cake etc. in his shop. His father and his brother help him in purchasing the items for his shop. But due to lack of funds, he is not able to meet the growing demand of the customers and compete with his competitors.

He has requested a loan of 20,000 INR to purchase what he sells in bulk, including snacks like varieties of chocolates, wafers and bakery items for his shop so that he can meet the market demand and compete with his competitors. He hopes to enlarge his business and construct a concrete house for his family.

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
  • 0
    View loans »
    India Loans Fundraising
  • $4,390,650
    Funds lent in using Kiva
  • 55.7
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $375 helped Mahima Prasanna to purchase rice, cooking oil, lentils, spices, and packaged foods like biscuits, cake etc. for his grocery shop.
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