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.
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.