Satyasundar is a 45-year-old differently able person living with his wife and two children who are in school in the small village of Odisha, India. He owns and manages a variety shop where he sells soaps, biscuits, betel, oil, spices, pickles, bread, wafers, toffees etc. and earns 6,000 INR per month.
He wants to enhance his business and add more variety of products in his shop like electric bulbs, detergents, toothpaste, toothbrushes, shampoo, talcum powder, tooth powder etc. so that he can attract more customers to his shop.
He has requested a loan of 40,000 INR to purchase more of what he sells and to add a few more products to his shop. He wants to make his children study in a good school and save some money for their future.
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.