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Sri Basudev Self Help Group
In this Group: Kanakalata , Tilotama , Premalata , Prmila , Nayani , Monarama, Tukuna , Jyosna Rani, Ramamani
Kanaklata is 41 years old and lives with her husband and her two children. Kanaklata is running a small grocery shop that she started two year ago to support her family. Her husband helps her to bring grocery items from the market, as he is a farmer involved in vegetable cultivation. Both earn 4,000 INR per month, which is very low. That is why she wants to expand her business to earn more money for her children. Kanaklata has formed a self help group called Sri Basudev Self Help Group with eight other ladies from her village. All members of this group are engaged in different kinds of activities like vegetable cultivation, milk selling, flower selling etc., and all are very responsible and loyal towards their businesses.

Kanaklata, along with her group, has requested a loan amount of 135,000 INR to purchase more grocery items like sugar, oil, biscuits, rice, etc. She wants to educate her children, give them a better standard of living and save some money for her future.

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.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

Tags

About India

  • $2,900
    Average annual income
  • 19
    View loans »
    India Loans Fundraising
  • $4,283,575
    Funds lent in using Kiva
  • 62.2
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Sri Basudev Self Help Group's $2,175 loan helped a member to purchase sugar, oil, biscuits, tea, rice etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 31, 2013
Listed
Sep 28, 2013
Currency Exchange Loss:
Possible