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.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Aug 15, 2012 Oct 12, 2005
Total Loans $506,000 $590,493,925
Amount of raised Inactive loans $0 $760,725
Number of raised Inactive loans 0 618
Amount of Paying Back Loans $506,000 $122,947,725
Number of Paying Back Loans 306 130,861
Amount of Ended Loans $0 $466,785,475
Number of Ended Loans 0 593,552
Delinquency Rate N/A 4.24%
Amount in Arrears N/A $3,465,940
Outstanding Portfolio N/A $81,785,048
Number of loanDelinquent N/A 16,779
Default Rate N/A (See Note) 1.15%
Amount of Ended Loans Defaulted N/A $5,349,645
Amount of Ended Loans N/A $466,785,475
Number of Ended Loans Defaulted N/A 16,827
Currency Exchange Loss Rate N/A 0.09%
Amount of Currency Exchange Loss N/A $536,772
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,537,625
Number of Refunded Loans 0 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 74.17%
Average Loan Size $206 $418
Average Individual Loan Size $1,727 $656
Average Group Loan Size $1,651 $1,828
Average number of borrowers per group 8.3 8
Average GDP per capita (PPP) in local country $2,900 $3,430
Average Loan Size / GDP per capita (PPP) 7.10% 12.19%
Average Time to Fund a Loan 3.91 days 5.59 days
Average Dollars Raised Per Day Per Loan $52.62 $74.77
  Average Loan Term 41.35 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 17 295,681
  Journaling Rate 0.00% 42.39%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.87

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 19% PY 22.00% PY 33.46% PY
  Profitability (return on assets) 0.3% 1.2% -1.39%
  Average Loan Size (% of per capita income) 8.90% 10.00% 41.11%

Country Fast Facts

Field Partner Staff

Wisaniu Chawang
Ronita Devi
eileen flannigan
Seikhothang Haokip
Lamkhomang Kipgen
Neipineng Sitlhou