Chinzanian runs a tea-stall in the village, and the stall is located at the junction point of three villages. Villagers, nearby residents and passengers waiting for public transport usually stop at the tea-stall for tea, 'puri', toast, boiled egg, and omelette. Her love for work is appreciated by the group members as well as by villagers. Household expenses are borne by her as her husband's income is mainly used for their children's education and other family expenses. She is always in need of capital money as family priorities need to be taken care of and borrowing money from money lenders is possible only at a high rate of interest.
With her Kiva loan, Chinzanian will purchase stock like wheat flour, milk powder, and liquified petroleum gas. She wants to run the business efficiently and generate more income to manage her family expenses. She thanked Kiva and WSDS for the wonderful work shown with the group and she wishes to continue working under the umbrella of Kiva and WSDS. She says, “Thank you so much, Kiva.”
The rest of the group members are also engaged in small businesses like selling chilli, 'paan-dukan' and running a variety shop.
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!