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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27th June 2017
Hello donors,

I will be transferring the amount of 445.94 USD (approx Rs 28,747) to Krishna today and the INR amount of Rs 86,710 in a few days. I will let him know about all the people who have come together to help collect this amount so that he has a chance of starting a debt free life.

The total collected amount of Rs 1,15,457 + Rs. 21,500 collected through other sources will be used to pay off one of the creditors in part and I will let you know once it is done.

Here is the current status of payments :

Creditor 1 -
Total payable - Rs. 1,50,000
Payment made - Rs 50,000 (amount collected through family + housing society).
Payment due - Rs. 1 Lakh

Creditor 2 -
Total payable - Rs. 1,50,000
Payment made - Rs 50,000 (amount collected through family and housing society)
Payment due - Rs. 1 Lakh

Creditor 3 -
Total payable - Rs 2 Lakhs
Payment that will be made from Milaap crowdfunding proceeds - Rs 1,15,457
Payment that will be made by funds collected through other sources - Rs 21,500
Total that will be paid - Rs 1,36,957
Payment due - Rs. 63,043

Total payable to all 3 creditors - Rs. 5 Lakhs
Total paid/ will be paid - Rs  2,36,957
Total due - Rs 2,63,043

Though I am relieved that I have been able to raise some funds for him, I am still anxious because I have not been able to raise the remaining amount of Rs. 2,63,043 that accounts for more than 50 % of what he has to pay off his creditors.

Regarding his property papers, a lawyer I sent Krishna to, suggested that it is better that he pays the amount to the family that has confiscated his papers and gets them back instead of taking it up legally. I am seeking out other lawyers now who can advise him better and still hoping that there is a legal recourse to get his papers back.

Thanks to your support I have come a long way in helping Krishna, but there is still miles to go before he gets debt free. But, I have faith that though the going is tough, there will be a final solution to this.

The campaign is still live and I request you to share this on your networks, just in case there are others who would also like to help. Additionally, if you have any other suggestions and advice on how I can take this further, please send me a mail at mail2piya@gmail.com.

Thanks once again for your help and please keep Krishna in your prayers.

Warm regards,
Piya

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Rs.150,086
raised of Rs.800,000 goal

39 Supporters

9 Days to go

Payment options: Online, cheque pickups

Beneficiary: Krishna info_outline

Fundraising campaigns (1)

Supporters (39)

AP
Ashok donated Rs.18,500
S
Shaurya donated $5
A
Anonymous donated Rs.500
N
Naresh donated Rs.5,000

Those brothers need to be made a part of the repayment. Find them out.

A
Anonymous donated Rs.250
A
Anonymous donated Rs.2,500