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Jagabandhu
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.

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

  • $4,000
    Average annual income
  • 204
    View loans »
    India Loans Fundraising
  • $5,212,200
    Funds lent in using Kiva
  • 55.0
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $375 helped Jagabandhu to buy spare parts like freewheels, tires, tubes etc. for his cycle repair shop.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Nov 17, 2012
Listed
Nov 23, 2012
Currency Exchange Loss:
Possible