Nempha is the profiled member, pictured with raised hand. She is 39 years old and is a mother to a son and a daughter who are in their teens. Other than farming and activities that result in daily wages, her husband does not have other means to earn income for the family. She grows vegetables in her homestead garden to maintain the family.
In 2010 with her first loan she started a small grocery shop by her house for the family's main income. She sells potatoes, sugar, 'dal' (lentils), chillis, salt, cooking oil, hair oil, toothbrushes, spices and 'pulses'. With the sale proceeds she repaid her loan liability. She could not save much because most of the income was used for the children's education. With good faith, to stock her store afresh she was able to negotiate with the wholesaler from the town for the supply in partial payments. In this way she has been running her store and earning income for the family. Through her business now she is in a position to save INR 200 daily after meeting the family requirements.
Nempha needs another loan and this will be her second loan. She will use the loan to increase her store inventory that she will sell for a profit. She decided to expand to a department store for larger profit opportunities. She wants to introduce cosmetic items and beauty accessories.
The group members, too, like herself have been working hard and making steady improvement with their respective income-generating activities.
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!