Chullou Shg Group
Phalpi is the one of the group members and she is the featured borrower. She is pictured with raised hand. Her husband is a driver and managing the family's livelihood was difficult with three grown-up kids, who are already pursuing their graduation courses at Government College. She found a way to supplement the family income and joined Chullou SHG. She accessed a loan and started a piggery.
Phalpi has been in the pig-selling business for more than a couple of years now. She initially purchased piglets and raised them. When the pigs were fully grown, she sold them in the village and in nearby villages. With the profit, she bought more piglets which include female piglets and male piglets, too. When they were grown, she usually lets them mate and produce offspring. The offspring are also sold and some are left to be raised. She was doing a good business with her piggery and also manages the house in the absence of her husband. With the success she had with the piggery, she is now planning to start a poultry farm.
With the Kiva loan, she will purchase chicks and ducklings and start poultry-raising at the back of their house. She dreams of owning the biggest poultry business in the village and also says, she will try her best to make her dreams come true.
She thanked WSDS and Kiva and says “God bless both Kiva and WSDS”. The rest of the group members are also engaged in piggery, poultry 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!