Memcha is the profile member pictured with her hand raised. She is 31 years old and is a mother to two sons and a daughter. She lives with her children and husband who is a carpenter by profession but usually earns income for the family on a seasonal basis. All the children attended a private school nearby. Before taking a loan, she did weaving activities part-time. At the same time, she did sand sieving activities from time to time.
In 2010, with her first loan, she opened a small shop to earn income. She sells paan, cigarettes, soap, toy guns and eatables. With the second loan the following year, she expanded her shop by bringing in more new items to sell. With the help of her husband, she also started to sell fresh vegetables and included more grocery items such as oil, spices locally found, grain, potatoes, sugar, milk powder, chili, dry fish, dal etc. With the profit, she managed to repay her loan liability. She contributed INR 100 to the group savings on a monthly basis. Moreover, in order to save more, she joined a group of investors managed locally and invested INR 500 monthly. With the delay in loan disbursement by WSDS for the third phase, she used these savings to continue her business. She and her husband plan to re-establish her husband's carpentry business. She has been working very hard to sustain the family and providing education to her children is her only goal.
Now she needs another loan to continue with her supplementary income activities. She will use the loan to increase her stock to sell at her store to earn profits. She also wishes to use part of her loan to help her husband to start his carpentry activities.
Likewise, the rest of the group members too needed another loan to improve their respective income-generating activities. Tea hotel business, retailing traditional weaved products, and sand sieving are the activities the group members are engaged in.
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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