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Madhab
Madhab is a 44-year-old differently able person living with his wife and two children in a small village of Odisha, India. He started a motorcycle repair center 12 years ago to manage his family. Before his own repairing shop he worked in a motorcycle repairing shop as a daily labourer.

He started his own repairing center in a very small size. Whatever he earns from this activity is used for consumption purposes and it's not sufficient for his family to live happily and afford all the necessities of life.

Now he wants to expand his business and for that he needs financial support. To repair motorcycle,s he goes very frequently to the market to purchase the spare part of the cycle. Because of lack of finance, he is not able to purchase the spare parts in bulk amounts, so he has requested a loan amount of 20,000 INR to reconstruct his shop and purchase spare parts like tyres,tubes, oil, etc.

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.

About India

  • $2,900
    Average annual income
  • 46
    View loans »
    India Loans Fundraising
  • $4,515,775
    Funds lent in using Kiva
  • 62.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $325 helped Madhab to pay for reconstruction of his shop and to purchase spare parts like tyres, tubes, oil, etc.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 21, 2013
Listed
Nov 24, 2013
Currency Exchange Loss:
Possible