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Banamali
Banamali runs a grocery shop in the small village of Balipatna in Odisha, India. He sells wheat flour, lentils, spices, edible oil, salt, biscuits, etc. He has five years of experience in this activity and earns 2,500 INR per month from his business.

Banamali is a 35-year-old differently able person living with his family. He has requested a loan of 20,000 INR to make a showcase in his shop so that he can properly display the stock kept in his shop and to purchase more stock of the grocery items that he sells.

He wants to save some money for his secure future and give his parents a standard living.

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
  • 150
    View loans »
    India Loans Fundraising
  • $5,195,225
    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 Banamali to pay for constructing a showcase and purchasing spices, edible oil, rice, wheat flour, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Dec 22, 2012
Listed
Dec 25, 2012
Currency Exchange Loss:
Possible