Total loan: $1,225

Laizoma Group

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Churachandpur, MN, India / Food

Laizoma Group's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!

A loan helped to buy stock of wheat flour, edible oil, sugar, and milk powder to make puri (pancakes) and tea to serve the customers in her tea stall.

Laizoma Group's story

A woman of responsibilities within and outside her family, Hatkim, 57 years old, is the wife of a retired church pastor who was once the only source of income in the family. She is the featured borrower of the group and is pictured with her hand raised. Hatkim started a tea stall in her locality five years ago with the hope to gain some source of income for their family since her husband was about to retire from his pastor post. Hatkim prepared well to find an alternative source of income back then and her business was doing well. As they grow older, they have to pay certain medical costs regarding their health which leads to shortage of finances in their household. It disturbs her business with the unexpected outflow of her income, that is, out of their household expenditure list. While she was in search of financial help, she was told about WSDS by some friends who had accessed a loan earlier which can be repaid in easy installments. She was very happy to be in a position to get a loan which will help lighten her financial difficulties. Hatkim will buy stock of materials needed for her tea stall including wheat flour, edible oil, sugar, and milk powder with the Kiva loan. She will be able to run her business as usual and have a more stable business. She also hopes to save some of her earnings and invest them for health expenses. She says “thank you.” The rest of the group members are all energetic and active in their business undertakings. They all have a common goal to strive toward financial independence through the Kiva loan.