Funded

Total loan: $550
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Pramila

India
Odisha, India / Cereals

A loan of $550 helped to rent a shop in a busy corner of the market and to buy more rice.


Pramila's story

Pramila is a 41-year-old widow living with her two sons in the state of Odisha, India. Her younger son is in school and her elder one is a driver. Her elder son had to drop out of school to share the burden of the family with his mother.

She runs a rice shop at her house on a small scale. Her monthly income from this business is 4000 Indian Rupees (INR). She says there is huge demand in her village as almost 50 families in the village buy rice from her and she sees a business opportunity in this demand. But she is not able to meet this demand due to a lack of stock, especially during the monsoon season when there is less supply available in the market. She wants to increase her stock of rice and her customer outreach to meet the demand especially during the monsoon season when she can get a better price. She wants to move her shop out of her house and have it in the market close to her house where she can get more customers.

She has applied for a loan of 30,000 INR to rent a shop in a busy corner of the market and to stock up on more rice bags. She hopes that her younger son continues his education and becomes a good engineer.



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