Bimota is the group leader pictured with a raised hand. She is 38 years old and is the mother of three daughters and one son. She lives with eight members as a family. Her husband's main lines of income are selling firewood and bamboo. However, this source of income is exhausted by itself and takes time to replenish. Therefore, in order to supplement the family income, she usually weaves traditional garments but could not produce much due to limited capital at her disposal. She initiated and formed the group to fulfill the capital needs for her weaving income activities.
With her first loan in 2009, she bought all the requirements for weaving (loom, thread, needs). She started weaving four days a week and was able to produce six traditional wrap rounds of different quality and four shawls in a month and a week’s time. Her husband helped her out with the loan repayments for the initial four months. With the profits, she was able to repay the loan and buy yarn to continue weaving.
With her second loan, she was able to produce more by employing one more weaver and channeling her sales by supplying a retailer as well as selling some herself. With her income, she managed to support her children's education better. She was able to pay the children's school fees on time. She is happy that her oldest son can continue his graduation class. She is very happy with all the support that she gets from her husband as well as her children. Her children did well by bringing home their friends to buy the traditional garments that their mother weaves. In this way, people know where to buy when they need one.
Now she needs another loan to continue with her weaving business. She will use the loan to stock yarn of different colors and textures to weave the traditional wrap round, shawls and vest coats that she has been weaving. She also means to use part of the loan for the children's enrollment fees for the next session.
The rest of the group members also need another loan to upgrade and do better at their respective activities. The group members' activities can be classified as spring onion farming, fishery, piggery and yam cultivation.
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!