Funded

Total loan: $375
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Prakash Chandra

India
Odisha, India / Grocery Store

A loan of $375 helped to purchase betel, spices, shampoo, detergents, oil, incense sticks, wafers, biscuits, soap etc. in bulk for his grocery shop.


Prakash Chandra's story

Prakash Chandra is a 29-year-old differently able person living with his parents and younger brother who is 27 years old and also a differently able person. Prakash Chandra owns and manages a grocery shop where he sells betel, spices, shampoo, detergents, oil, incense sticks, wafers, biscuits, soap etc. He has a monopoly in the village because there is no other grocery shop in the village and all the people are dependent on his shop. As there is more demand for his products in the village, he has to go to the market to purchase the products very frequently.

Prakash Chandra has a plan to purchase the goods in bulk to meet the customers' demands and to reduce his transportation cost by not making frequent visits to the market. He says that this will help him increase his monthly income.

He has requested a loan of 20,000 INR to purchase stock in bulk for his grocery shop. He wants to provide his family with the basic necessities of living and save some money for his future.



Loan details

Repayment schedule: At end of term
Disbursed date: November 16, 2012

Lenders and lending teams



Loan details

Repayment schedule: At end of term
Disbursed date: November 16, 2012