Jagabandhu is a 24-year-old physically challenged person living with his father, wife, four younger brothers aged 22, 20, 17 and 15, and one son aged 1 1/2 years old. He started a cycle repair center three years ago to support his family. His father is engaged in farming and two of his younger brothers are involved in daily labor. Whatever they earn from these activities is used for consumption purposes and is not sufficient for them to live happily and afford all tnecessities of life.
He has to go very frequently to market to purchase bicycle spare parts. Because he lacks finances, he is not able to purchase the spare parts in bulk. Therefore, he has requested a loan of 20,000 INR to reconstruct his shop and purchase spare parts like freewheels, tires, tubes etc.
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.