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Archana
Archana, a housewife of 48 years old, lives in Maynaguri with her husband and two children. Both of them had completed Madyamik, and their children are preparing themselves for a B.A. (Bachelor of Arts) and H.S. (higher secondary).

Her husband, Dhirendranath, is running a small business of ground spices used in Indian cookery. He buys the spices from the wholesale market and grinds them to sell door to door in the village area. Archana also helps him in packing the spices into different packets. Both of them work so hard, but their income is not sufficient to run their family. Moreover, her children’s educational expense is too high for them to afford, though she is totally concerned with their higher education.

Archana chose this business because ground spices are in great demand in their village for daily cooking, and are also very profitable, but Archana is unable to earn their own profit as they have small variety of spices.

Now she has applied to BJS (Kiva’s partner) for a loan to purchase more variety of ground spices, those which are used in Indian dishes. With the profit from this business, she hopes to expand her existing business by selling more spices door to door, as well as to the local market, which will enable her to be a good entrepreneur.

Archana is thankful to Kiva and BJS, as they have funded her to prosper in her business field.

Additional Information

More information about this loan

This loan targets women in the financially underserved parts of India. With a largely rural population, the Jalpaiguri, Alipurduar, and Cooch Behar districts in the state of West Bengal are severely lacking in infrastructure and are three of the poorest districts in Eastern India.  This loan enables female entrepreneurs to maintain their current businesses in an area that is under-developed and poorly served by financial institutions

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 Belghoria Janakalyan Samity

Belghoria Janakalyan Samity (BJS) is a non-profit organization located in India that focuses on poverty alleviation through women’s empowerment. The organization is remarkable in its commitment to the holistic development of some of the poorest districts of West Bengal and goes further than most of its competitors in offering vital access to social services like child schooling, medical services and financial literacy training in addition to credit. Kiva lenders’ funds will be used to create new loans for clients, expand the reach of the organization into more rural areas, and deepen the scope of BJS’s non-financial services that provide key support to the surrounding communities.

About India

  • $2,900
    Average annual income
  • 19
    View loans »
    India Loans Fundraising
  • $4,573,850
    Funds lent in using Kiva
  • 62.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $250 helped Archana to purchase more variety of ground spices for her own business of ground spices, those which are used in Indian cookery.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 23, 2014
Listed
Mar 1, 2014
Currency Exchange Loss:
Possible