Check out other loans that are currently fundraising!
Radharani
Radharani lives in Nandakumarpur village, West Bengal. She is married and the mother of three children. The daughters are studying in 10th and 5th grade, respectively, while her son is still a baby.

Radharani cultures fish for a living. The income generated is not sufficient to fulfill the basic needs of the family. So Radharani is seeking a loan of INR 20,000 to buy manure, raw materials and food for the fish.

With the additional income, she wants to educate her children and have a better future.

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.

Tags

About India

  • $4,000
    Average annual income
  • 195
    View loans »
    India Loans Fundraising
  • $5,211,575
    Funds lent in using Kiva
  • 60.1
    India Rupees (INR) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $350 helped Radharani to buy manure, raw materials and food for the fish.
0% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Disbursed:
Oct 24, 2014
Listed
Aug 3, 2014
Currency Exchange Loss:
Possible