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Tutu
Tutu is a 23-year-old differently able man living with his parents in Balugaon village in Odisha, India. He is engaged in the activity of running a variety store in his village, where he sells biscuits, wafers, betel, tobacco sachets, incense sticks, spices, oil, toothbrushes, shampoo etc.

He has requested a loan of 40,000 INR to purchase more stock of what he sells and to add a new product to his shop like soft drinks. He says that doing so will increase his monthly income. He wants to give his parents a quality life and save some money for his future.

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
  • $4,281,200
    Funds lent in using Kiva
  • 53.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $750 helped Tutu to purchase biscuits, wafers, betel, tobacco sachets, incense sticks, spices, oil, toothbrushes, shampoo soft drinks etc. for his variety shop.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 8, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible