They live in a village in the hills of Manipur, which is in the northeastern part of India bordering Myanmar. Agriculture is still the main occupation in this part of the country.
The woman with raised hand is called Mathiuboniu. She is 25 years old and is a mother to a son, 6, and a daughter, 4. Both her children go to a private school which is 3 km from her village. In her new home she lives with her husband and one brother-in-law (21 years old). Her husband is a lorry truck driver by profession and the brother in-law is a trained carpenter.
In 2009, with her first loan of INR 5,000, she invested in ginger farming, employing her brother-in-law. With the good harvest she profited INR 15,000. Without spending a penny and with her husband's help, she invested in buying equipment and tools to open a carpentry workshop for her brother-in-law. Eventually, the carpentry workshop became a good investment for her. Today she can employ two more carpenters to assist her brother in-law.
With her second loan of INR 10,000, she continued her ginger farming on a bigger scale. Unfortunately she was unable to reap a good harvest due to rodents and she suffered a great loss. However she was able to repay her loan from the carpentry investment.
She needs another loan and this time she wishes to venture into selling of ready-made garments. She plans to go to a border town of Myanmar and Manipur, a trading centre with all kinds of foreign goods. With the winter season approaching, she plans to invest and use her loan for warm clothes and blankets to sell in her shop.
Similarly, the rest of the group members have made steady improvement with their respective businesses and will use their loans to expand. The business of the members, apart from the agricultural sector, includes weaving, paan shop, laundry service, clothes, merchandise and selling of consumption commodities door to door.
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!