Last updated July 9, 2012

Partner Description:

WSDS-Initiate is a non-profit organization active in the northeastern Indian state of Manipur. Founded in 1989 to respond to ethnic conflict between the region’s three major tribes, WSDS has long supported young people, women, and vulnerable communities. Today, the organization is involved in a range of development activities, including resource management, community health, social security, and microfinance.

Working in four districts of the state, WSDS currently has seven branches, an outstanding portfolio of Rs. 21.6 million (about USD$390,000), and 13,052 women clients.

WSDS works with all of the tribes in Manipur, as well as other minority groups like Nepali immigrants and Muslims. Formal financial services are severely lacking in the state -- a problem that is particularly acute in low-income communities in the remote hills region. WSDS launched its microfinance program in 2007 to address this issue, and to sustain its existing initiatives.

Active primarily in the hills of Manipur, the organization primarily works with self-help groups to extend credit and encourage borrowers to save. Supporting these groups builds on local traditions. For example, the state’s Kuki community regularly forms cooperatives at the village level to provide agricultural support and leadership.

WSDS clients use Kiva-funded loans to start and grow their small businesses. Many of these individuals come from groups and communities that have been unable to obtain credit in the past due to scarcity of financial services and institutions in the region. Kiva’s zero-interest capital will also strengthen WSDS’ financial position, allowing it to expand all of its programs for social good.

Kiva HelpRepayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 15, 2012 Oct 12, 2005
Total Loans $402,675 $538,893,275
Amount of Raised Inactive Loans $0 $376,325
Number Of Raised Inactive Loans 0 250
Amount of Paying Back Loans $402,675 $110,653,375
Number Of Paying Back Loans 240 114,334
Amount of Ended Loans $0 $427,863,575
Number Of Ended Loans 0 549,635
Delinquency Rate N/A 3.33%
Amount In Arrears N/A $2,390,257
Outstanding Portfolio N/A $71,783,394
Number of Loans Delinquent N/A 10,622
Default Rate N/A (See Note) 1.01%
Amount of Ended Loans Defaulted N/A $4,334,868
Amount of Ended Loans N/A $427,863,575
Number Of Ended Loans Defaulted N/A 14,050
Currency Exchange Loss Rate N/A 0.06%
Amount of Currency Exchange Loss N/A $298,028
Refund Rate 0.00% 0.82%
Amount of Refunded Loans $0 $4,417,000
Number Of Refunded Loans 0 4,864

Kiva HelpLoan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans To Women Entrepreneurs 100.00% 74.09%
Average Loan Size $205 $417
Average Individual Loan Size $1,727 $656
Average Group Loan Size $1,675 $1,813
Average Number Of Entrepreneurs Per Group 8.6 8
Average GDP Per Capita (PPP) in Local Country $2,900 $3,463
Average Loan Size / GDP Per Capita (PPP) 7.06% 12.05%
Average Time To Fund A Loan 3.06 days 5.29 days
Average Dollars Raised Per Day Per Loan $66.80 $78.95
  Average Loan Term 41.17 months 10.05 months

Kiva HelpJournaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 15 268,608
  Journaling Rate 0.00% 42.09%
  Average Number Of Comments Per Journal 0.00 0.09
  Average Number Of Recommendations Per Journal 0.00 2.06

Kiva HelpBorrowing Cost Comparison (based on 2011 data)

    This Field Partner Median for MFI Peers in Country All Kiva Partners
  Portfolio Yield 30.20% 24.20% 34.93%
  Profitability (Return on Assets) 0.3% 0.8% -1.11%
  Average Loan Size (% of Per Capita Income) 8.90% 9.60% 42.70%

Kiva HelpCountry Fast Facts

Field Partner Staff

Wisaniu Chawang
Ronita Devi
eileen flannigan
Seikhothang Haokip
Helen Kipgen
Lamkhomang Kipgen
Hangshing Veizaneng