Paozanem, the woman standing with her right hand half-raised in the picture, is the profile member. She is 36 years of age, and she has two sons and two daughters. Her husband is a carpenter by profession, and her sons assist their father. Her younger daughter is in her ninth standard, while the elder is married. She is determined to raise her daughter in the line of education, and she wants her to find a suitable job.
Paozanem used to prepare “gold finger” and a mixture of chili powder and salt in small packs, locally known as “acid”, and supply these products to shops in Churachandpur.
Now Paozanem is engaged in parking duty around the District Hospital. However, there are inconveniences due to the absence of parking sheds. So she wants to build a public parking shed when she avails the next loan from WSDS.
The rest of the group members engaged themselves in selling vegetables in the markets and in supplying goods.
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!