Chaokhat Shg Group
Ranjana is the featured borrower, and she is pictured with her hand raised. Ranjana’s husband is a paid driver. He is presently working as a paid driver for the district legislature. Managing the household expenses is difficult for Ranjana because she had two kids who study in private schools. The administration in the government schools in town is in fallout, and school kids are given less importance. Ranjana uses all means to supplement the family income. She weaves, quarries, and also runs a tea stall.
Ranjana’s tea stall is located near the roadside of the village where they live. She wanted to run the tea stall at the main town market, but that is not possible at the moment. She needs a license from the town municipality department for registration. The tea stall is open at dawn for school-going kids, and she prepares toast, puris and fried potatoes, and serves the customers the morning breakfast. During the daytime, she prepares lemon tea, sugar-free tea, and milked tea for village elders. She usually closes the tea stall by 4:00 pm every day and does not run business on Sundays.
During the farming and harvesting seasons, most of the villagers are in the field, and very few customers are left. Therefore, she and the rest of the group members engage themselves in quarrying. She sieves sand, pebbles and soil, and earns a wage.
With the Kiva loan, she will purchase stocks of wheat, bags of flour, and edible oils for her tea shop. The small earnings are usually spent on the children’s education, such as fees, uniforms and textbooks. Ranjana is typically left with no capital to run the tea stall with abundant supplies, due to a small income and everyday household expenses. She is planning to make more income by selling more local delicacies when she purchases the stocks.
Ranjana is planning to have her own vendor seat at the town market shed with a proper license in the future. She will save money as hard as she can, and will also pay back the loan regularly. She thanks Kiva and WSDS for fulfilling what she had desired for so long.
The rest of the group members also quarry and weave for earning.
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!