Ranjana is the profiled member, seen in the picture with her hand raised. She is 32 and a mother to a son and a daughter. Her children are school-going and her only wish is that she can keep them going, though her family is burdened with many financial problems. Her husband is a mason and he works on a daily basis with a petty wage. With such earning, she knows that she cannot keep the family going on for long. This is the point where she has decided to set herself to finding a way to sustain her family.
In 2011, she received the first loan. She utilised the loan in buying chicks and started poultry farming. She was successful somehow but due to frequent road blockades and state related problems, it was quite difficult to get poultry feed in time. On the other hand, she has an embroidery machine but not the materials required. So she has decided to start embroidery, utilising the second loan for buying said materials.
Likewise, the other members of the group are engaged in embroidery and weaving.
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!