Kashinatha is a 43-year-old physically-challenged person living with his mother, wife and his son, age 2. He is the only earning person in his family. He does a seasonal grain and fertilizer business. Now he has a fertilizer shop in his village market which is one and half kilometers far from his home. From this fertilizer business, he is earning 5,000 Indian rupees (INR) per month. As a physical-challenged person, he wants to set up a general store in this market. He wants to sell cosmetic items, soft drinks, ice cream, face creams, hair oils, shampoos, body talc, body deodorants, body lotions and fashion accessories (earrings, finger rings, bangles, bracelets, bangles, etc.)
Kashinatha has applied for a loan of 40,000 INR to purchase these products for his variety shop by taking a room in rent. He says that he can earn 5,500 to 6,000 INR per month from this business. He can look after his family. He wants to send his son to a good school and see him in a higher position in a company.
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.
A loan of $750 helped Kashinatha to buy cosmetic items, soft drinks, ice cream, face creams, hair oils, shampoos, body talc, body deodorants, body lotions and fashion accessories (earrings, finger rings, bangles, bracelets, bangles, etc.) for his general store.