Sankar is a 25-year-old differently able person living with his parents, younger brother (age 20) and two sisters (age 16 and 14). Sankar’s father is engaged in agricultural activity. He is the only earning person who runs the family. All his brothers and sisters are studying.
Sankar wants to start a grocery shop and help his father financially in managing the family as his father is overburdened with the responsibilities of his family.
Sankar has a plan to start a grocery shop where he will keep grains, lentils, edible oil, biscuits, wafers, salt and spices. He says that his father and brother will help him in stocking up the inventory in his shop and he will manage the shop. This will increase his monthly income.
He has requested a loan amount of 30,000 INR for establishing his grocery shop. He wants to provide his family the basic necessities of living and save some money for her sisters.
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.