Ajay is 30 years old, a differently-able person living with his parents, brother and sister. He has been engaged in the activity of tailoring for the last eleven years with his one sewing machine to help his father financially. He takes orders from his customers for stitching their dresses. He earns 3000 INR per month from this activity which is not sufficient for his family.
Ajay has a plan to purchase two new sewing machines and fabrics for his shop so that he can take more orders from his existing customers and increase his customer base; and earn more. He says, “I can earn up to 8,000 INR per month after adding new machines to my shop and I will involve my sister too in this business to help me.”
He has requested a loan amount of 25,000 INR for purchasing new sewing machines, fabrics and appointing work force to help him. He wants to help his father financially in getting his sister married and to save some money for his 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.