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Dairy cows are valuable assets, supporting the rural poor to earn a decent living. Fulwati and her family have been running a small dairy farm for the last 15 years in Chittoldiya, a rural village in Jharkhand. They started the farm with one cow and now the dairy farm consists of five buffaloes and three cows which produce about 40-50 liters of milk per day. They sell it to the neighboring households and to different tea vendors.

Fulwati (38) is very enterprising woman; she always looks for opportunities. She joined a local NGO called “MESP”, which helps villagers based in deep-rural areas who cannot access finances through banks. Fulwati attended various agri-business training sessions to be eligible for a dairy loan. The NGO also taught her about dairy cows, feed supplements, sources and contact persons for good quality semen, animal first-aid and preventive health care.

Fulwati is fully equipped to be a successful farmer and she is taking a further step of seeking a loan to purchase another dairy cow. Her major challenge is raising funds. Most of her income is spent paying for expensive farm inputs and her two children's school fees.

The additional income will go into converting the temporary shed to a permanent tiled-roof with enough space for each animal. Her dream will be achieved the day her husband and children get to enjoy a comfortable life.

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
  • 168
    View loans »
    India Loans Fundraising
  • $5,200,500
    Funds lent in using Kiva
  • 59.4
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $275 helped Fulwati to purchase a dairy cow.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Aug 10, 2014
May 17, 2014
Currency Exchange Loss: