Angel Lom Group
Ngaikim and her husband are illiterate. The family depends mostly on her charcoal and firewood business and sometimes her husband's meager salary sent from Assam. They want to provide their children with a good education despite their weaknesses and they work hard to give them a better future. Now, the two oldest children are attending graduation courses, while their three siblings are still in high school. Because of this, she is compelled to borrow money often from near and dear ones and repay them whenever she can.
Ngaikim is unable to increase her investment and raise the capital required to expand her business. With the KIVA loan, she wants to stock more firewood and charcoal to augment her income and contribute towards her children’s education.
More information about this loan
This loan is part of WSDS's effort to reach some of the most underserved parts of India's troubled northeast region, where there is very poor penetration of both formal and informal financial services. By supporting this loan, you are enabling access to finance for women living in some of India's most remote areas.
Important note about this loanDue 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 >
WSDS-Initiate is an inclusive nonprofit that works with women across all tribes and minority communities in Manipur, located in the remote northeast region of India. Most organizations concentrate their work in the plains region of Manipur, but WSDS is among the very few organizations serving women in the isolated hills. Political unrest and frequent economic blockades in the area make it very difficult to provide services, resulting in Manipur having the lowest penetration of financial services in the country.
This is a Group Loan
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This loan has been fully funded!