Malom Maning Leikai Jlg Group
Kumari is pictured with her hand raised. She is the featured borrower member of “Malom Maning Leikai” Group. All the members live in the same region, which is about 40 kms east of the capital state of Imphal. It is one of the state capitals for the Northeastern states in India. The members joined hands and formed the group to stand for one another in times of need, and they still continue the pledge.
Kumari runs the grocery store in the front yard of her house. Her husband also helps her in the store by running errands for her since he left his driving job. She sells potatoes, onions, edible oil, garlic, etc. She opens the store at the break of the dawn and closes down at late evening. She manages the household chores and also runs the store.
She usually gets the supplies from the main market and sells them. The store is a success, as she has buyers thronging in round the clock, but she is incapable of supplying the demands. The generated income is used for her children’s educational fees and other household expenses, which generally paralyzes her in refilling her stock for the store.
With the Kiva loan, Kumari will refill the store and manage some savings. Happy and elated, Kumari shares that she has plans to purchase an auto vehicle in the future. Her husband can drive and run the vehicle for public transportation. The store is the main source of income for the family.
Kiva and WSDS join hands; supporting the group is a blessing, and the group members will work harder for better performance so that each of them can make a stand financially and morally. Kumari says, “Thank you so much, Kiva.”
The rest of the group members are engaged in sand-sieving, 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!