Jangmei refers to Hannah Group as a life saver because after she joined the group, she could avail loans from WSDS. She bought piglets and also constructed a pig sty at the back of her house to raise them. Now, she can raise pigs as well as continue her vegetable plantations, which eventually will increase her income.
She plants vegetables according to seasonal changes and keeps herself busy throughout the year. She sells vegetables to women vegetable vendors and her main supply is chives. She says her main income is generated after selling chives because it can be grown throughout the year.
After she joined the group, she could send her children to boarding schools. She could pay the school expenses after she sold her fully grown pigs. She is happy to share this and says her life has made a different turn too.
With the Kiva loan, she will purchase two more piglets and raise them. She has two medium sized pigs in her sty at present and wishes to increase the numbers. Her husband has constructed another pig sty for her already. Once she gets the Kiva loan, she will buy two more piglets. She chuckles and says “Very soon, I will own four pigs in my sty.”
She thanks WSDS and Kiva as their partnership will assist financial support in her business. She wishes them both “good luck.”
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!