Five Amigos Group
The one with her hand raised is Mawii, a member of Five Amigos. She is 35 years old and a mother of two daughters who are 13 and 7 years old. The younger daughter is suffering from Downs Syndrome and goes to a school arranged for such challenged ones. In 2006, her husband died in a road accident, leaving her to live a widow's life. Since then, she had been engaged in retailing businesses supplying organic and fresh vegetables and selling used clothes on the weekend. Though she may have had hard luck, she is happy that both her daughters go to school to learn. With a “special needs” daughter to take care of and the bargaining nature of the market, she could never do well with her vegetable retailing business.
So, with her first loan of INR 5,000, she changed her trade to selling army canteen products door to door. Since the products are sanctioned for the army at subsidized rates, the commission rate is higher. She supplies almost any commodity from toiletry products and appliances to consumables. At the initial stage, it took longer to dispose of the stock but now she is not only disposing of her products more quickly. She usually refills her stock two times a month.
When asked about her dreams and wishes, she got shy and said, “May my children flourish even if I suffer. I want for them to have a good life”. Her two happy tears in her eyes said it all about her appreciation and gratitude when asked about her feelings for all the people around the world who lend money to help someone like herself.
She is doing very well with her business but she wants to own a clothing store, which will lessen the time she has to move around and enable her to be there for her daughters. She needs another loan to increase her supplies such as soap, lotion for winter, saving cream supplies for the barber shop, milk powder, tea leaves, hair gel, toothpaste and the like. She supplies these items in large quantities to the down town shops. Beside the shops, she has customers whom she supplies at their home according to their needs.
Likewise, the rest of the group members are also working very hard to make the day’s ends meet. Out of five members, four are widows struggling to do their best. The activities of the group members include selling vegetable at the market, selling used clothes and running a tea stall. They requested another loan to grow their business.
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!