Rose Lom Group
Nenglhing started raising piglets and slowly developed her piglet-selling business. She is making rapid progress in her business. She usually travels across the neighboring provinces in the state and purchases piglets. The piglets are then sold in her village and the neighboring villages at a profit. She said, since each house raises pigs, selling piglets is not complicated and instead entices her to do better. The most challenging part of her business is transportation. The public transport is the most convenient option but the passengers sometimes complain. In order not to disturb others, a private vehicle is hired to transport the piglets. The cost is high but that is the only option left for the piglet transportation. She keeps them in the pigsty at the back of her house and does the selling.
She and her husband work side by side to manage the household expenses. With her financial assistance, the family is now able to pay back the previous debts. She wants all of her seven kids to get an education because she was deprived of a good education in her childhood days. The family financial conditions did not allow her to pursue further studies and she ended up with a mere primary education.
With the Kiva loan, she will purchase more piglets to sell and meet the demands of her customers. She is also planning to provide her customers with a credit facility if she can successfully avail the loan. She thanks Kiva and WSDS for the undeniable support and love. She wishes them great success and prosperity. The rest of the group members are engaged in piggery, weaving and vegetable-selling businesses.
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!