Kabi Prasad is a 28-year-old differently-able person living with his uncle and aunt in a small village named Balipatna of Odisha, India. He owns and manages a variety cum betel store, and he has this shop for the past four years. He sells biscuits, hair oil, biscuits, toothbrushes, betel, tobacco, incense sticks, talcum powder, chocolates and other daily household consumables in his shop.
He has a plan to expand his business by adding more stock of what he sells and a few new products like detergents, soap, hair oil, shampoo, wafers, etc. to his shop inventory. He says that doing so will help him increase his monthly income and fulfill his family's daily requirements.
Kabi Prasad has applied for a loan amount of 30,000 INR for purchasing the above-mentioned items.
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.