Mimi Lom Group
Zamdeihching is a very talented and fast learner when it comes to weaving. She used to be a paid weaver before she was married. After she was married, her husband bought a loom for her and she started weaving for her own income. Gradually, she started making a good progress and started supplying her woven products to the shops in town. Her hard work pays off with the trust she earns from her clients/customers. In order to meet the demand she bought two more looms on credit and also started hiring paid weavers. With the profits she could successfully pay back her loan for the loom and also pay the hired weavers.
She says the demands are rising each day and she couldn't meet the demands of her clients with three looms and four weavers only. Therefore, with the Kiva loan, she will purchase one more loom. She is glad that she will be able to utilise her profits in buying different yarns and weaving materials while the Kiva loan will be used for purchasing a loom. She aspires to own a shop in the town market where she can sell her products. She says "Thank you so much for the support Kiva" and wishes a 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!