avantisu dvijah kascid
asid adhyatamah sriya
varta-vrttih kadaryas tu
kami lubdho ’ti-kopanah
In the country of Avanti there once lived a certain brahmana who was very rich and gifted with all opulences, and who was engaged in the occupation of commerce. But he was a miserly person — lusty, greedy and very prone to anger.
According to Srila Sridhara Svami, the Avanti country is the district of Malwa. This brahmana was extremely wealthy, doing business in agriculture, banking and so on. Being a miser, he suffered agony when his hard-earned wealth was lost, as will be described by the Lord Himself.