Nupi Chaokhat Marup Group
The profiled member Sunita is featured with her hand raised. She is 38 years old and a mother to two sons and a daughter, who is married already. Her husband is a driver by profession. Both her sons are still school-going students in a private school nearby. In order to supplement the family income she has been weaving and also earning by undertaking strenuous work like sand sieving by the river bank. This is how she earned income before taking out a loan.
In 2010, with the loan she ventured into a new business of selling indigenous dried fish. In other words, she sells fermented fish in varieties. From the sale proceeds she was able to repay her loan. It also enabled her to refill her stock of dry fish to sell. She is happy that with her contribution she can save her husbands income more for the family. With steady improvement she has been buying her stock to sell for a profit. She says that the hardship she faces in her business is when it rains. In order to overcome this obstacle she means to construct a stall for her business. For now, she has to continue selling on the roadside till she can arrange enough money to construct a stall.
With limited capital she has been earning less. In order to save more she cut down on the family expenditures such as instead of using two mobiles she insisted her husband use just one mobile for the family. In this way she has been saving INR 500 on a monthly basis and invested the same with local investors to be managed locally. In order to do better with her dry and fermented fish selling business she needs another loan.
With this loan Sunita wishes to increase her stock of indigenous dry and fermented fish to sell. Her stocks include dried salted fish, dried fish of varied sorts and fermented fish (in local dialect known as thumjakpi, fafou, ngari, ngajai, moreh ngaton). These products are among the main dishes in every household in this part of the country. Likewise, the rest of the group members also need another loan to continue with their respective income-generating activities like weaving, quarrying and sand sieving.
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!