Her husband's income is too scanty to meet all the necessary needs of the family, including their children's educational expenses. So, Sandhya has decided to help her husband financially to run the family. She has decided to start a business of scrap and unwanted old things.
Sandhya has applied for a loan from BJS (Kiva's partner). She wants to use the loan to purchase scrap and unwanted old things, such as old newspapers, old pitch board boxes, broken utensils, plastic, etc., from door to door from different households in her locality; then sell the materials to the wholesalers. In this way, she will earn some profit to help the family.
Sandhya hopes that if she can get the loan, she can purchase more stock, which will generate more profit. Then it will be possible for her to enhance the business, and with the profit, she can do her level best to educate her children properly.
Her full thanks go to the lenders.
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 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 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.
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This loan has been fully funded!