Paokenwiliu, the one with the raised hand, is 26 years old. Her husband, 36 years of age, works as a teacher in a private school. He earns a very low salary. In order to supplement her household income, Paokenwiliu opened a garment store about 3 km from her village with the help of her father-in-law. Now the family's income comes from her clothing business sales too.
With this loan of 5,000 Indian rupees (INR), Paokenwiliu wants to construct a bigger store where she can accommodate more clothes to sell for a bigger profit and more savings. The loan will be used to buy building materials for the expansion of her shop. With a budget of 1,700 INR, she will purchase roof sheet/tin sheet and use the remaining 3,300 INR to purchase women's garments, such as tops, lingerie and footwear.
In order to save more, Paokenwiliu works in a homestead garden where she grows vegetables such as cabbage, mustard leaves, corn, coriander, spring onions and ginger for her family's consumption to reduce buying meals. She dreams of supporting her son (8 months) through to higher education without any financial constraint.
Likewise, the rest of her group members are keen on expanding their businesses. Two of the members supply Paokenwiliu with clothes, and one member wishes to expand her piggery farm by bringing in more piglets. One wishes to open a yarn store. Two other members jointly opened a tea stall – the only tea stall in the village – where they serve up to 100 customers a day. With the loan, they wish to expand the tea stall aiming to accommodate more customers and keep more menus for the customers. In these ways, the group, with their respective businesses, collectively wishes to improve their lives by focusing on their children's education, so that they may have a better future.
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!