Narayan is 46 years old and a differently-abled man living with his parents, wife and his three children in the small village of Balugaon, Odisha, India. His children are studying in school. Narayan is engaged in the activity of dehusking of paddy by using a paddy hauler machine. From this activity he earns 7,000 INR per month, which is very low for the monthly household expenses and for his children's study expenses. He has been engaged in this activity for the last six years. He wants to expand his business and for that he needs financial support. Narayan said, "If i get a new hauler machine then i can expand my business double and can earn double".
Narayan's wife and his elder son help him in this business. Narayan has requested a loan of 50,000 INR for purchasing of a new paddy hauler machine. He wants to give his family a better standard of living and also wants to save some money for his daughter's marriage.
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.