Initially Hekim owned a small corner shop, where she sold paan, cigarettes and the likes to earn income. She seems to be doing great with her shop business; with steady improvement she expanded to a bigger shop. In order to attract more customers to her shop, she increased her shop items with snacks and essential commodities like cell batteries, candles, toothbrushes, etc. With her good earnings, she has been contributing money towards the children’s education and the family as a whole. She now shares a big role in meeting the family's expenses, and she feels very happy for it.
Hekim plans to expand her store still further. She wishes to stock sugar, potatoes, onions, garlic, cooking oil and soap with this loan for higher profits. Until now, she has been operating her store in a rented room. In the near future, she plans to build one of her own.
Similarly, the rest of the group members also need loans and want to do better with their businesses like weaving, selling local rice, selling used clothes and selling vegetables.
To end with, all the group members feel very fortunate to be receiving a helping hand from all the Kiva lenders and send their good wishes.
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!