Hatneng is the profiled member, pictured with her hand raised. She is 45 years old and she is a mother to two sons and two daughters whose age is between 19 years to 25 years. The family's main source of income comes from her husband who is a government employee as a clerk under the District Administrative Office. All her children are going to college for a higher degree in the main city. In order to supplement the family income, she has been weaving since 1990. She weaves traditional clothes such as shawls (local name, 'Saipikhup') and wraparounds (local name, 'Khamtang') of varied colours and designs. Her saved income from this trade comes in very handy when her husband's salary is delayed 3 to 4 months at a stretch. The government trend of delayed payment to the employees here in Manipur is making things difficult for the people.
With her first loan in 2009, she continued the same activities. Having woven for so long she already earned a good name in and around the neighbouring villages. This goes to say that her market options are well established. With her second loan she increased her production by hiring two more weavers to assist her. Her two daughters, having mastered the art, spent their school vacation weaving. The method used to weave is that of a back strap loom.
She wishes and plans that her younger daughter aged 21 years now would go for a professional training in this art. She wants her to learn weaving using the modern techniques of weaving such as weaving by machine. Maybe down the road, she dreams of becoming an entrepreneur by inviting interested companies of such holding and manufacturer. For her future dream she has been saving for quite some time now already.
She needs another loan to facilitate her weaving activity. She will use the loan to stock yarns of different colours and texture to weave. She also wishes to do multiple income activities, namely piggery. Therefore, with part of the loan she also means to buy piglets to rear for profit.
Likewise, the rest of the group too needs this loan to start afresh with their respective activities hoping this New Year will bring them good fortune. All the members wish all the lenders around the world a joyous and prosperous 2013.
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!