Agamla, with the raised hand, is 49 years old and is the mother of four sons and a daughter. She is now living with her youngest son, 20 years old; her daughter, 14 years old; and her husband, who is a cultivator by profession.
With Agamla's first loan of 5,000 Indian rupees (INR), she cultivated ginger along with her husband. With her second loan of 10,000 INR she was able to open a small grocery shop in her village where she sells dal, soap, sugar, spices, flour, oil (for cooking), candles and cell batteries, to name some items. She also sells vegetables from her homestead garden such as cabbage, chilly, lady's fingers [okra] and pumpkin.
Her business has helped her meet the needs of her son and daughter for their schooling. She says, “I am thankful that today your contribution has made me a better mother, and I am so happy that my son has completed his matriculation and my daughter will appear for her matric exam in 2013, which I was unable to provide for my older three sons who are married now.”
Agamla needs another loan of 10,000 INR in order to expand her grocery shop into a departmental store and continue to serve her family and her community by bringing in goods closer to the people through her store. She plans to add utensils and cosmetics to the grocery products she has been selling. She will carry pots for cooking and storing water, spoons, tea funnels, tongs, kettles, bowls, soap cases and the like. Simple cosmetics products such as lipstick, nail polish, eye liner, deodorant and nail files are a few items to name.
Likewise, the rest of the group members are very hardworking and want another loan to do better in their businesses of weaving, meat selling, ginger farming and charcoal selling.
More information about this loan
This loan is part of WSDS's effort to reach some of the most underserved parts of India's troubled northeast region, where there is very poor penetration of both formal and informal financial services. By supporting this loan, you are enabling access to finance for women living in some of India's most remote areas.
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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