She runs a pan-dukan on the village roadside. She is pictured with her hand raised and she is the featured borrower member for Salom Group. The group comprises 14 members and they are cooperative and supportive of each member with respect to financial stability and moral ground. They live in a village that is about 35 kms away from the capital town of Manipur.
Agui runs the shop on the main road lane of the village. The shop was built by her father and his friend three years back. She sells pan, tobacco nuts, tobacco leaves, cigarettes, local cigarettes, sachet shampoo, sweets, candies, detergent soap, detergent powder, etc. She says, village farmers usually stop at her shop to buy pan and cigarettes to take them to their field, and while returning from the fields they stop again for pan and cigarettes. Agui shares that villagers love chewing pan and smoking cigarettes as it is affordable for all.
She wants a loan from Kiva to get more stock for her shop. The present income is insufficient to get abundant supplies as she also shares family financial problems. Therefore she is planning to get more supplies like bathing soap and more pan items like tobacco nuts and leaves. She has plans to expand her pan shop into a grocery shop in the future. The lack of a big grocery shop in the village creates lots of hassles for the villagers as they had to travel to the main town market for grocery items. She is happy that her plans will be fulfilled and thanks Kiva and WSDS for the support.
The rest of the group members are engaged in running tea-stalls, selling chives, weaving and farming.
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!