Funded

Total loan: $450
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Ahalya

India
Odisha, India / Weaving

A loan of $450 helped to buy raw materials for making carpets and incense sticks.


Ahalya's story

Ahalya is a 27-year-old single mother living with her six-year-old daughter in her father's house. She has been involved in the carpet-making business for the past 10 years: she gets raw materials from a dealer and supplies the finished goods to the same dealer for which she gets the labour cost. It takes one month to knit one carpet working four hours a day. She sells one carpet in a month and earns 2,500 Indian Rupees (INR) for one carpet (the price of the carpet depends on its size).

She needs a loan of 25,000 INR to purchase her own raw materials for making carpets, i.e., wool and thread, so she can sell them in the market directly to the retailers. This way she can earn more as she can get the actual selling price for the carpet. She also plans to utilize a portion of the loan to buy the raw materials necessary for making incense sticks. She plans to divide her time between making carpets and incense sticks as necessary. She will sell these incense sticks to shops in the nearby village market.

Going forward she hopes to grow this business and hire two more additional staff to help her manage the business and create a living for other women like her in the village.



Loan details

Repayment schedule: At end of term
Disbursed date: July 27, 2012

Lenders and lending teams



Loan details

Repayment schedule: At end of term
Disbursed date: July 27, 2012