Chaoba is the profiled member pictured with raised hand. She is 40 years old and she is a mother to two sons and two daughters. Her husband is a hired lorry driver and the main earner of the family. Her three older children are school drop-outs and now her youngest daughter aged 14 years is the only member of the family going to school. Chaoba is determined to provide to her youngest daughter everything that she failed to give the older children. She is happy that every member of the family, too, supports the youngest daughter with the necessary requirements for her schooling.
In order to supplement the family income, before the loans Chaoba used to earn money on anything that came her way. She even worked as a lorry labourer doing work such as loading and unloading sand and grindstones from the truck. In 2010, she joined the group to access loans and start a business activity of her own.
With her first loan she purchased 10 bags of unhulled rice and paid INR 450 per bag weighing 40 kilogram each. She would then process the rice at a rice mill to separate the husk from the grain and sell it for a profit. With the second loan, she was able to expand her business with better profit earning. Her elder son helps her with the business. Apart from meeting the loan liability, she managed to save around INR 500 on a monthly basis together with a savings group of 30 members.
She plans to purchase a sewing machine for her other daughter to enhance her embroidery art and also wishes to own one of those rice mills down the road for future income opportunity. For this she means to save as much as she can with the help of her family members.
She needs another loan now to continue with her rice-selling business. With limited capital she was not in a position to do the business on large scale. She will use the loan to buy unhulled rice and stock it to sell when rice is in demand for a higher profit.
Likewise, the rest of the group members too need a loan to continue and improve upon their respective income-generating activities. Vegetable vending, sand sieving (quarrying), poultry farming, and grocery store business are some of the activities that the 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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This loan has been fully funded!