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Nibedita Self Help Group-2
In this Group: Alpana, Susheela
Alpana runs a small medical store in Nandakumarpur village, West Bengal. Her shop is well maintained and very clean. The customers are enchanted by the friendliness and humbleness with which Alpana attends to them. Alpana is married and has a son and a daughter. Both son and daughter are studying for their B.A., 1st and 2nd year respectively. Though in her forties, Alpana is very energetic, hard-working, and disciplined. A few years ago she opened her store and with passing years she has advanced, building her financial stability. Her husband and children help Alpana in her business.

Alpana is requesting a loan to increase her working capital to buy more medicines for her medical store. She is very grateful to the lenders with whose help she will be able to expand her inventory and increase her monthly income. One of her dreams is to continually expand her business to assure a peaceful and secure future. Alpana wants to save enough for her children’s education.

Alpana is a member of “Nibedita” Self Help Group. The other member from this group is Susheela who needs loan to improve her stationery shop.

Additional Information

More information about this loan

This loan was designed by MicroGraam to provide new means of income for borrowers in the Sunderbans region of West Bengal. The majority of the region is heavy dependent upon rain-fed agriculture, leading to extremely low income and food insecurity. MicroGraam’s partnership with the non-profit organization Sabuj Sangha has made this loan possible. Sabuj Sangha offers trainings and loans to allow borrowers dependent on rain-fed agriculture to purchase inputs and technology like bucket irrigation systems or to invest in local enterprises that provide an alternative to agriculture. By funding this loan, you are helping borrowers in India access business training and consulting services that allow them to make a livelihood transition without placing added pressure on dwindling finances.

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.

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.

About India

  • $2,900
    Average annual income
  • 0
    View loans »
    India Loans Fundraising
  • $4,390,650
    Funds lent in using Kiva
  • 58.7
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A portion of Nibedita Self Help Group-2's $1,300 loan helped a member to buy more medicines for her medical store.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Aug 25, 2014
Listed
May 31, 2014
Currency Exchange Loss:
Possible