Lamngaikim (31) is a featured member of the group with her hand raised. She runs a petty shop while her husband is an auto-rickshaw driver. They generate their income from their humble occupation and sustain their family including their two school-going children. Families in the area are affected by the lack of power supply and cannot perform their duties accordingly after sunset.
In order to run her petty shop for longer hours after sunset, she took the loan for mini solar home lighting so that she could run the shop with comfort and generate more income. This will help her to improve the family's financial condition, even though she extends her working hour in the shop for a fraction of hours. While she runs her shop in the evening, the children will study their lessons under the solar lighting with comfort and concentration. This will improve their academic performance and benefit them in their career.
She said that the solar lighting is very beneficial to their family and improves her business. She is happy and thankful to WSDS for lending the loan to avail the solar lighting system.
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!