Ningthaorei is the profiled member and she is pictured with raised hand. She is about 27 years old and she is a mother to a son and two daughters. Her husband is a farmer by profession and grows rice from an inherited paddy field. During the off season her husband earns money on daily wage. In order to supplement the family income she sells rice house to house.
With her first loan she bought rice grains which she took to the mill to separate the husk from the grain. She would also sell from her granary to earn more profits. This is how the family's main source of income is generated. With her earning she managed her children's schooling requirements apart from the family maintenance. She has been saving as much as she could and wishes to purchase a ploughing machine (manually push and control) for her husband in the future. She believes that with the proposed machine she and her family can be in a better position financially. People here still use oxen and buffalo to plough the field. On the other hand the machine can be very convenient with regards to proper tilling of the field.
She needs another loan to continue her business activities. She also wishes to multiple her income activities for her future plan. With part of the loan she wants to buy at least three piglets to raise and sell for profit.
Likewise, the rest of the group members too need another loan to improve upon their respective income activities. Among the group members three of them are in the rice business and another three are in the weaving sector. Two members own a general store; one undertook poultry farming and likewise one member raises pigs and another one sells cooked meat for a profit.
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!