Manoj Kumar is a 32-year-old differently able person living with his wife and two children who are in school. For the past 10 years, he has been engaged in the activity of weaving saris (traditional Indian dress). His wife helps him in the weaving.
The financial condition of his family is not good because he is the only one to earn in the family and he is not able to do hard labor because of his physical condition. He brings raw materials like cotton, needles, thread and colors from a dealer and gives back the finished goods to him. In return, he gets only the labor cost, which is very little.
He has a plan to bring raw material directly from the market in bulk and sell the finished product in the market. Doing so will increase his income and reduce the transportation costs by reducing his frequent visits to the market.
He has requested a loan of 20,000 INR to purchase raw materials for weaving saris. He has a dream that his children will get the best education and that he will save some money for his family’s future.
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.