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Apr 12, 2016 12:02 PM ET

Archived: India – Mamtaj’s Group: A portion of Mamtaj’s Group’s $700 loan helps a member the pay the fees for her nursing course.

iCrowdNewswire - Apr 12, 2016

Mamtaj’s Group

Jharsuguda, Odisha, India Education | Higher education costs
Mamtaj's Group
In this Group: Panchakalata, Basanti, Mamtaj
Mamtaj, standing to the extreme right-hand side in the photograph, is an industrious and intellectual girl from a small village of Jharsuguda, Odisha, India. She is among the few fortunate ones from her village who have managed to graduate. Managing financial hardships and studying hard till late at night have given Mamtaj fruitful results of being a graduate. Her high aspirations and strong belief in her hard work has always made her parents proud of her being their daughter. She wants to pursue her higher education but financial constraints of her farmer father are a road block for her bright career path.

Therefore, Mamtaj, along with her other group members, is requesting a loan amount of 45,000 INR from Kiva’s partner, People’s Forum. She will use her portion of the loan amount to pay the fees for her nursing course which she wants to pursue as this will serve her a great platform in order to provide service and cure the illness of the needy and destitute.

Mamtaj is in dire need of your kind help and support and is eagerly awaiting that help with lots of hope and aspirations.

Additional Information

More information about this loan

This loan is part of People’s Forum’s education program, designed to finance school tuition for students from poor families to attend college, university and technical institutions. Funds can be used for partial or complete payment of higher education expenses. By supporting this loan, you’re enabling access to education for students with limited options.

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.

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.

Contact Information:

Mamtaj's Group

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