Linroukim runs a general store in the village. The store is located at the other end of the village, on the closer side of the town market. The town market is where people from all neighbouring villages have stores and run their businesses. She sells imported rice, salt, chillies, sugar, milk, potatoes, onions, ginger, garlic, different items of cereals, detergent soap, detergent powder, hair oil, sachets of shampoo, local delicacies, etc. She is in charge of the store only in the morning and in the afternoon as she teaches in primary private school during the daytime. Her mother usually replaces her in daytime and she closes the accounts at the end of the day.
Linroukim's father’s income is insufficient to support the family with her three younger siblings in different schools. She initiated all possible ways to share her father’s burden and started earning by opening a general store besides teaching in a school. On restricted holidays she usually gets the supplies from the town market and sells them in the village. The generated income is not enough to refill the stocks on a regular basis as her father’s income in unreliable and irregular. Most of the expenditure is borne by her to fulfill the family's needs.
She wants a loan from Kiva to purchase more supplies for the store. She will buy all the essential goods like rice, edible oil, wheat by the bag, flour by the bag, soaps, shampoos etc. Expansion of the store is the vital plan as she wishes to continue the general store even after she is married. Another future plan she has with her family is to re-construct their house; the leaking roof during rainy season and the dilapidated condition of the roof and mud walls needs to change. If their plans are successful then they will build the house very soon.
Linroukim thanks Kiva and WSDS for helping her achieve some portion of her plan and which will eventually become the platform to start off. She says "thank you so much, Kiva”. She also shares that she will repay the loan on time without fail and will continue to grow.
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!