To manage the household expenses and children’s school expenditures with just the meager income of her husband is a great concern for Lhingkhohoi and her husband. The living expenses and the children’s educational expenses, such as the school van monthly fare and tuition fees, are increasing, whereas the income of the family is still stagnant.
Therefore, in order to supplement the household income, Lhingkhohoi and her group members took an initiative to uplift their economic and financial status by accessing loans.
Lhingkhohoi opened a pan shop near her house. Since the shop is near a national highway, it attracts lots of customers. She used to earn 1,000 INR per day, but due to irregular power supply in the village, she could not continue her business smoothly after sunset. Therefore, she wanted to avail a 45-watt mini solar home lighting system loan as a backup to light up her pan shop to run the business until late hours. Lhingkhohoi shares that working without proper lighting makes her slow down her work, and attending customers in improper lighting is very inconvenient. She believes that by installing this solar light, her business will improve, and at the same time, make her tasks easier to complete.
The rest of the team members also need mini solar lights for their respective income-generating activities. The other members are into vegetable cultivation, pan shop and weaving activities.
More information about this loan
This loan is part of WSDS' effort to promote solar energy and make it affordable for low-income households. It will be used to purchase a solar home lighting system and targets some of the most rural and remote parts of northeast India. These villages either do not have electricity at all or lack reliable electricity. By funding this loan, you are helping to provide lighting to households while also promoting green energy products and helping individuals reduce their energy expenses.
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!