Supriya is a member of Atithi Self-Help Group supported by Sabuj Sangha. She lives in Madhumsadhan-chack village, West Bengal, with her husband, son and daughter-in-law.
Supriya’s son has been working in an electrical goods shop for the last three years, and now he wants to start his own shop with the help of his mother. So Supriya is seeking a loan of INR 3,000. She will use the loan amount to set up their own shop, which will help them to generate more income.
They hope to earn more from the shop and to have a better standard of living.
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 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 >
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.
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.
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