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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9th October 2017
Hello. There has been some progress and some setbacks in my initiative to help Krishna from loan sharks. I have managed to help Krishna raise Rs.20,000 from his own community members. He added Rs 5,000 from his wages and was able to pay Rs 25,000 one of his creditors.

One of the other creditors got to know about this and started pressurizing him to pay Rs 25,000/- to him as well. I asked him to speak to his mother who stays in his native village and request if she can help him, since he is paying off debts for helping his brothers. Initially he was hesitant, because he did not want to burden her as she is elderly and is also a house help just like him. But, eventually he did and she stepped up to give him him Rs.12,000/- from her savings. I gave him an additional amount of Rs. 5,000/- that a friend had transferred to my a/c to help him and  and a member of our society gave Rs 3,000/-. He added an additional Rs 5,000/- and gave the total sum of Rs 25,000/- to the second creditor.

So now this is what his credit sheet now looks like :

Creditor 1 - Originial amt due 1.5 lakh. Current amt due 75,000 INR.
Creditor 2 - Original amt due 1.5 lakh. Current amt due 75,000 INR.
Creditor 3 - Original amt due 2 lakh. Current amt due 1 lakh. (Collects monthly interest of Rs 2,000)
Creditor 4 - He has Krishna's house papers. Krishna owes him Rs 1.5 lakhs and he deducts Rs 2,200 as INTEREST from his monthly salary as house help.

So, total amt still to be paid off is Rs 4 Lakhs.

I was trying to see if Krishna can get his house papers back through legal means without having to pay Creditor 4 as he has been deducting money as interest and not the principal amt for several years, but most lawyers are advising against taking a risk and come up with the amount. So, I have added him back to the creditors list.

Now about the setbacks :

- Creditor 4 who is also a member of our housing society now has recently discharged him from duty from some work he used to do in the society. So, his total earnings per month have come down. I am concerned that he is trying to weaken Krishna financially so that he has more financial control over him.

- I called up a trust at a temple and requested for help. But, they refused to help saying they only help in medical cases and told me I was being foolish by trying to help him and that only 'God can help him'. This really upset me and set me back emotionally, but now my resolve is stronger.
The fight is not only about Krishna and the creditors, but the underlying mentality of the entire financial system in our country that pushes people to the edge of desperation and exploitation.

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I am initiating a transfer of USD 151.36 to Krishna today from the funds collected from Milaap. I will ask him to add this to the salary and Diwali bonus he is likely to receive this month and see if he can pay off some amount to Creditor 3. I will transfer the remaining collected amount in installments.

Thanks for your support and please share this campaign link on social media. Most importantly, please pray that this initiative reaches its deserving conclusion and Krishna gets the justice he deserves.










 




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Rs.194,616
raised of Rs.800,000 goal

42 Supporters

0 Days to go

Beneficiary: Krishna info_outline

Fundraising campaigns (1)

Supporters (42)

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Ashok donated $150
AP
Ashok donated Rs.25,000
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Ashok donated $160
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Ashok donated Rs.18,500
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Anonymous donated Rs.500