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Prakash Chandra
Prakash Chandra is a 29-year-old differently able person living with his parents and younger brother who is 27 years old and also a differently able person. Prakash Chandra owns and manages a grocery shop where he sells betel, spices, shampoo, detergents, oil, incense sticks, wafers, biscuits, soap etc. He has a monopoly in the village because there is no other grocery shop in the village and all the people are dependent on his shop. As there is more demand for his products in the village, he has to go to the market to purchase the products very frequently.

Prakash Chandra has a plan to purchase the goods in bulk to meet the customers' demands and to reduce his transportation cost by not making frequent visits to the market. He says that this will help him increase his monthly income.

He has requested a loan of 20,000 INR to purchase stock in bulk for his grocery shop. He wants to provide his family with the basic necessities of living 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
  • 3
    View loans »
    India Loans Fundraising
  • $4,588,425
    Funds lent in using Kiva
  • 55.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $375 helped Prakash Chandra to purchase betel, spices, shampoo, detergents, oil, incense sticks, wafers, biscuits, soap etc. in bulk for his grocery shop.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 16, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Possible