Gayatri Self Help Group
Sabita is married and has one son. She is 30 years old and stays with her son and her husband.
Sabita has applied for a loan for paddy cultivation. She is very talented and has been operating her business for the past six years. With the loan investment, she will buy fertilizers, pesticides and hybrid seed, and pay the labor charges that will allow her to do her work more efficiently. Her husband is also helping her in the paddy cultivation.
Sabita started her business six years ago because it is difficult for her husband to manage the household expenses in addition to paying for the son's education. Her son is enrolled in local schools and getting education. She is confident that her son will be able to continue his education and become successful in life.
Important note about this loanDue 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.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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This loan has been fully funded!