Lamjing Meira Group
Phajabi is the profiled member, the one who is posing with her hand raised in the picture. She is 46 years of age and has three sons and two daughters. Along with her husband, she has been doing whatever she can to support her family. Before she accessed any loan, she used to run a tea stall in the locality. The income generated from the stall was far less than what she needed for the family. She wanted to raise her income by doing some other business but she was helpless because she could not afford more capital.
In 2012, fortunately, she was able to start a better business after she received the first loan. With the loan amount she bought a hundred chicks and started a poultry farm, while she utilised some portion of the loan for buying oil, sugar, milk and other ingredients for the tea stall. This way she added another source of income which was possible solely because of the loan. With the next loan, she is planning to expand her poultry farming business by buying 200-250 chicks and 2-3 piglets. Likewise, the rest of the members also have successfully engaged themselves with piggery and poultry farming and weaving.
Deep in her heart, Phajabi can already feel the joy when she thinks of herself and the other members being lifted to some height from the depth of all the hardships they had faced.
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!