Save Krishna From Loan Sharks

My house help Krishna is an adult 50+ year old man and father of a teenage boy. He lives in a slum and earns just enough after working graveyard shifts in a few houses to keep his family afloat. In the last 9 years that I have known him, our communication has been only about work. Today for the first time he requested to speak to me for 2 mins.

He looked terrified. He told me that he had to take a loan of 8 lakhs to get his 3 brothers married. All of them left the house without offering to help him clear the loans. To clear part of this loan, he took a further loan from a family he works with. The family forced him to mortgage his house as security and for the last few years have only been collecting interest on the principal amount, in effect turning him into a bonded labourer. For the last few days the other creditors have been hounding and threatening him to immediately pay off all their dues amounting to Rs.5 lakh, failing which there will be dire consequences. No bank is willing to give him a loan because he has nothing to keep as security.

Krishna folded his hands, trembled and was literally short of crying and begged me to help him raise funds urgently or arrange for an interest free loan. There was fear and helplessness in his eyes and I knew he has come to me as a last resort. I told him I would do my best to see how I can help him raise funds besides some amount that I will personally pay, not because I have a solution, but because I didn't want him to lose hope and take any drastic actions. I am even scared to think of what he may end up doing.

It pains me beyond words can describe to see a respectable man who is honestly trying to make a living to be pushed to the absolute limit of misery, humiliation and despair and all because he wanted to help his family. And it deeply angers and upsets me to see the inhumanity of rich people who thrive off the misery of those already on the brink of survival. To top it all, the financial system in our country that is not designed to help those below the poverty line.

I am attempting to raise the full amount of Rs 8,00,000 Lakhs so that he can be completely debt free and also get his house papers back. The meagre salary he earns is barely enough to meet his basic expenses and to provide for his son's education. It will take him years to be able to repay anyone, so crowd funding is the only way he can be rescued from ruthless loan sharks.

While its a day I feel really ashamed of being a human, yet it's only humans I can trust to help uplift other humans.

I am sharing Krishna's story in this human network, just in case any of you reading this feel you can help. I have always believed that the universe has strange ways of helping people, so this is just me still being hopeful for another human who is on the brink of losing all hope.

All funds collected will be given to Krishna and I will keep all donors who support this fund raising initiative to save Krishna from Loan sharks on how things go.

Since this is an urgent case, request you to please share this campaign widely in your networks. Any help from anyone is really going to go a very long way to free a human being from a life time of debt and bonded labour.

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30th January 2018

Pleased and relieved to share with you that Krishna finally got his house papers back from Creditor 4 a few days back. He kept Krishna waiting for several days saying he is busy even after he informed him that he had the full amount to pay him back. I was concerned that he might try some other form of coercion to retain the house papers and asked him to go along with his wife and son on the day he finally asked him to come. Thankfully, he has given back all the original documents that he had taken from Krishna.

Krishna has also cleared part payments of Rs 30,000 each to Creditors 1, 2 and 3 i.e a total of Rs 90,000.  This was done from the remaining amount of Rs 73,466.26 collected through crowdfunding and adding the balance amount from his salary.

So, currently the balance outstanding is as follows :

Creditor 1 - Rs 45,000

Creditor 2 - Rs 45,000

Creditor 3 - Rs 45,000

Creditor 4 - Nil

I am withdrawing amount of 137.85 USD today and an additional INR amount that has been contributed to the campaign after my last update. I will mail a separate update for the INR amount. Can't thank you enough for being such a great source of strength through this long but fruitful journey.

Thank you!

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raised of Rs.800,000 goal

46 Supporters

0 Days to go

Payment options: Online, cheque pickups

Beneficiary: Krishna info_outline

Fundraising campaigns (1)

Supporters (46)

Mathew donated Rs.300
29 days ago
Naresh donated Rs.10,000
3 months ago
Ashok donated Rs.17,500
4 months ago
Ashok donated Rs.27,884
4 months ago
Ashok donated $150
5 months ago
Ashok donated Rs.25,000
5 months ago