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Kanakalata is a 38-year-old woman living with her two daughters aged 10 and 12 years and a son aged 15 . She lives in a village close to the beautiful Chilika Lake, one of the biggest lakes in Odisha.

Kanakalata got married to Madhu when she was 20 years old. Like other village folk, her husband was a fisherman who went to Chilika for fishing. Unfortunately, she lost her husband in 2009 in an accident when he went fishing. Since then she has been working hard to support her children.

She started the business of selling fresh fish and dried fish. Drying the fish is a way of preserving the fish for future use by drying them in the sun until the water is completely evaporated. Dried fish has a storage life of several years. Dried fish is used in different delicacies as fresh fish is and is very popular in the region.

She buys fish directly from the local fishermen and sells some of them fresh and dries some of them to sell as dried fish. She purchases 10 to 12 kg of fresh fish and 18-20 kg of dried fish and sells it by roaming door to door in the nearby villages. She earns 4,000 INR per month.

She has applied for a loan of 20,000 INR so that she can purchase the fish in a bulk to make more dried fish and stock up during the monsoon season. There is a huge demand for dried fish during the monsoon season as not much stock is available in the market. So she can get a better price as well.

This loan will help her to increase her working capital to run her business by increasing her revenues almost 50%, giving her 5,000 to 6,000 INR per month.
She wants to save enough to give her children a good quality of life and send them to college. She wants to see them educated and not working as fishermen.

Additional Information

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 >

About People's Forum

People’s Forum is a development organization based in Odisha, India that provides affordable loan products and support services to women. The organization distinguishes itself by reaching out to particularly marginalized groups, including leprosy-affected families, widows, single mothers, and disabled persons. People’s Forum will harness Kiva’s flexible, zero-interest capital to serve even more borrowers in one of the poorest regions of India.

About India

  • $4,000
    Average annual income
  • 7
    View loans »
    India Loans Fundraising
  • $6,682,200
    Funds lent in using Kiva
  • 55.9
    India Rupees (INR) = $1 USD

Success!! The loan was 100% repaid

A loan of $375 helped Kanakalata to buy fish in bulk to make more dried fish and stock up during the monsoon season for her fish business.
100% repaid
Repayment Term
43 months (Additional Information)
Repayment Schedule
At end of term
Aug 31, 2012
Sep 13, 2012
Currency Exchange Loss:
Mar 16, 2016