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Jarmundi is a religious place in Jharkhand, which consists of lots of temples that bring many devotees and tourists here every year.

Chabbi, 35, is married and the mother of three children, two daughters and one son, all going to college. She has studied until fifth grade, while her husband studied until tenth grade. Her husband is into the cloth business, as there is good demand for it. He sells cloth and ready-made garments at a weekly market and also goes to different villages. He earns around INR 8,000 per month.

Their income is not sufficient for the family, and her husband is also finding it difficult to travel every now and then. So, they are planning to establish a shop in Jarmundi, for which Chabbi is requesting the loan of INR 18,000.

Chabbi hopes to save enough for her children’s education. She wants to buy a television for her house.

Additional Information

More information about this loan

This loan is designed to provide financial assistance, income generation and other services for marginalized and poor populations in Jharkhand and West Bengal. It has been enabled through MicroGraam’s partnership with Micro-Enterprise and Sustainability Project (MESP), established in 2010. By funding this loan, you are creating opportunities for underserved populations in India.

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 >
Additionally, this loan may be post-disbursed, in which case this borrower will only receive the loan after it has been 100% funded by Kiva lenders. Because it is difficult to predict when a loan will be fully funded, the disbursement date may have been estimated by the Field Partner and may be inaccurate by several days or weeks.

About MicroGraam

MicroGraam is a Bangalore-based, crowd-funding lending platform that aims to promote development and growth throughout India by providing underserved populations with access to formal loan capital.

In order to provide critical capital in remote areas of India, MicroGraam collaborates with various partners located across the country, applying a structure very similar to Kiva’s. The organizations currently provide clients -- most of whom are women -- with three types of loans: (1) agricultural loans, (2) educational loans, and (3) microenterprise loans.

Kiva lenders’ funds will enable MicroGraam to forge new partnerships with important social organizations, connecting more rural areas with critical access to capital.

About India

  • $4,000
    Average annual income
  • 127
    View loans »
    India Loans Fundraising
  • $5,419,525
    Funds lent in using Kiva
  • 60.3
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $300 helped Chabbi to establish a cloth shop and buy textiles and ready-made garments.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Jul 20, 2014
Apr 22, 2014
Currency Exchange Loss: