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Sibaprasad
Sibaprasad is a 44-year-old differently able person living with his parents and his brother. He is the only one earning an income in his family. He has a variety shop in his home. He has 20 years of experience in this field. He earns 10,000 INR in a month by selling packaged food items like biscuits, chocolate, spices, betel, soap, detergent, noodles, oil, pickles, sauces, rice etc. This is not sufficient for him to manage his family. To grow his business, he wants some financial support.

He has applied for a loan of 50,000 INR to purchase more stock of what he sells. He hopes to build a house for his parents 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
  • 13
    View loans »
    India Loans Fundraising
  • $4,567,350
    Funds lent in using Kiva
  • 55.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $925 helped Sibaprasad to purchase biscuits, chocolate, spices, betel, soap, detergent, noodles, oil, pickles, sauses, rice etc for his variety shop.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 15, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Possible