Radhakrushna Sss Group
Urmila is a 51-year-old married mother of one daughter. In the picture, the lady standing with her hand raised is Urmila. She completed three years of formal education but due to the poor economic condition of her family, had to leave her education behind. Along with all the clients of People's Forum, Urmila realizes that education is a vital key to a successful future for her child. She says that her business is running quite well and, because of its success, she will be able to register her child in a good school this year. Her husband shares the same goals for the child.
Urmila is engaged in vegetable cultivation and she produces potatoes, tomatoes, onions, and seasonal vegetables. She is applying for her first loan with People's Forum. The requested funds will be used to purchase standard quality seeds, fertilizers and pesticides for her vegetable cultivation. With an optimistic spirit and positive attitude, Urmila looks forward to this new year with its challenges, blessings and successes.
On behalf of her colleagues, Urmila expresses gratitude and appreciation for the support from Kiva investors throughout the world who lend such necessary and vital support. In addition, the ladies send greetings to all for a happy, healthy and successful new year!
More information about this loan
This loan is designed for single mothers, widows and unmarried women, who are often excluded from Self-Help Groups in India. Many of these women, usually with families to support, do not have access to microfinance and often work as casual labor or domestic help. Self Help Groups are hesitant to accept them due to the social stigma attached to their status and very few microfinance organizations offer loans to individuals. By supporting this loan, you are enabling a poor woman in India to establish or grow her business.
Important note about this loanDue 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.
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This loan has been fully funded!