Hemanta Kumar is a 41-year-old differently-able person living with his wife and a child who is in school. He has a tea and food stall in his village. He sells tea, some local snacks like samosas (fried dough stuffed with potato curry), idli (a popular recipe of south Indian origin made by steaming a batter consisting of fermented black lentils and rice), wada (lentil doughnut), etc. He earns 5000 Indian rupees (INR), which is used for his household expenditures.
Hemanta Kumar wants to repair his food stall and purchase some furniture (benches and table) to seat his customers. He also needs ingredients like potato, flour, spices, oil, etc., and utensils like plates, spoons, etc. He will attract customers and increase his monthly income. He has requested a loan of 20,000 INR to fulfill his requirements. He says that he can earn 6,000 to 7,000 INR per month in this way and would be able to construct a house for his family.
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.