Pi Ngaineng (the woman with raised hand) is a mother to three children. She is a very hardworking woman and before joining the group and starting her own business, she had to take any job that came along, often times working as a daily wager (day laborer) to supplement her husband's income.
In 2010 she joined the group to fulfill a dream of starting a small variety shop to service her villagers. With her friends’ and group members support she borrowed a loan of INR 5000 from WSDS and with the money she immediately opened a small variety stall in her house. She sells items like soap, sweets, soft drinks, hair oil, eatables, and many more. She opens her shop only in the morning and evening, as villagers work in the field during daytime.
As with many of the group members, she has multiple ways of providing for her family. With the earnings from the variety store, she bought piglets and is raising them to be sold at the market soon. She also has a kitchen garden that provides enough vegetables to sell at the market, for the pigs to eat and for her family's food.
She is motivated to serve her village's needs better and wants to expand her business to do that.
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
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
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This loan has been fully funded!