Purnachandra is a 40-year-old physically challenged person living with his wife who is 30 years old. He runs a small business in his area. He collects the waste products like polythene, iron, discarded glass/plastic bottles and sells them to a local scrap dealer. He has five years of experience in this business. In this way, he earns 3,000 to 3,500 INR per month. He wants to start a grocery shop in his village, but because of financial problems, he can’t.
He applied for a loan of 30,000 INR to set up a grocery shop along with his waste product business in his village. He will use this loan to purchase grocery items like rice, lentils, cooking oil, spices, biscuits, chocolate etc. He wants to start this business so that he can earn more. He says that he can earn 5,000 INR from this business, but at present, he is not able to do the same because of lack of funds. He hopes to construct a house for his family.
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.