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Purnachandra
Purnachandra is a 40-year-old physically challenged person living with his wife who is 30 years old. He runs a small business in his area. He collects the waste products like polythene, iron, discarded glass/plastic bottles and sells them to a local scrap dealer. He has five years of experience in this business. In this way, he earns 3,000 to 3,500 INR per month. He wants to start a grocery shop in his village, but because of financial problems, he can’t.

He applied for a loan of 30,000 INR to set up a grocery shop along with his waste product business in his village. He will use this loan to purchase grocery items like rice, lentils, cooking oil, spices, biscuits, chocolate etc. He wants to start this business so that he can earn more. He says that he can earn 5,000 INR from this business, but at present, he is not able to do the same because of lack of funds. He hopes to construct a 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
  • 55.9
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $550 helped Purnachandra to purchase rice, lentils, cooking oil, spices, biscuits, chocolates 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 10, 2012
Currency Exchange Loss:
Possible