Funded

Total loan: $375
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Ramesh

India
Sonepur, Odisha, India / Bicycle Repair

A loan of $375 helped to pay for purchasing spare parts like free wheels, chains, tyres, seat covers, etc. for his bicycle repair shop.


Ramesh's story

Ramesh is a differently-able, 43-year-old married man. He lives with his wife and one daughter in Odisha, India.

He has been operating a small bicycle repair shop, which is the only source of income for the family and a profitable project, but also not enough to cover all the costs and the family's needs. His monthly income is 4,500 INR. He has an experience of 30 years in this business; he started in the business at a very tender age.

He currently has the skills and equipment to do good repairs and replacements but not the required spare parts for replacements. He has to travel almost 15 miles for a good spare part.

Ramesh is requesting a loan of 20,000 INR to cover the costs of purchasing necessary spare parts used for repairs such as free wheels, chains, tyres, seat covers, etc., for bicycles as well as motorbikes. This will provide Ramesh with a varied collection of spare parts, which will help to increase his income and improve the family's living standard, and allow him to marry his daughter into a good family.



Loan details

Repayment schedule: At end of term
Disbursed date: March 10, 2013

Lenders and lending teams



Loan details

Repayment schedule: At end of term
Disbursed date: March 10, 2013