Nengneilam is the group leader. She is pictured with her hand raised. She is 39 years old and a mother to four sons and a daughter. All her children go to a private school nearby. Her husband's main source of income comes from cutting wood, which is a time-consuming process to turn into money. In order to supplement the family income, she took a loan to bridge the gap of cash flow by undertaking income-generating activities.
With her first loan in 2008, she bought 3,000 pineapple saplings to grow at her farm. It takes three to four months time to harvest. With the sale profits, she was able to repay her loan and attend to the family needs such as the children's schooling fees and needs. With her second loan, she managed to cultivate on a larger scale. She purchased more pineapple saplings to increase her production. Effortlessly, she met her loan liability and with the profit, she, along with her husband's help, built a new house to live in, which is under construction. Together with her husband, she plans to provide a good education to the children.
At first, her husband was indifferent to her taking a loan. Now she is very happy that with the success that she had, her husband is willing to support her in sharing the loan responsibility. She is all the more excited that her husband actually suggested that he take the responsibility of tending the farm for her next cultivation.
Now she needs another loan to continue with pineapple cultivation. She will use the loan to buy more pineapple saplings to cultivate. She hopes that she enjoys a good harvest like the previous harvest and with the profit to spare, she means to finish building her house, which is half done.
Likewise, the rest of the group members too needed another loan to continue to benefit from their respective income activities. Pineapple cultivation comprises most of the activities of this group. One member has a piggery and another member opened a general store to generate income.
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!