Funded

Total loan: $925
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Laizoma Group

India
Churachandpur, India / General Store

A loan of $925 helped a member to buy sugar, tea leaves, batteries, soap, cooking oil, etc. to sell at her variety store.


Laizoma Group's story

This is LaizomA group consisting of five members. The group members belongs to a tribal community and hail from Churachanpur which is in Manipur state in the Northeastern part of India. In order to support themselves and contribute to the family income, they have formed a group to access a loan.

Hatkim is pictured with raised hand and she is the group leader. She is 59 years old and is a mother to six sons and two daughters. Unfortunately, two of her sons died some years back. All her children go to a private school at the nearby town. Her husband is a full-time pastor at their local church and his meager income could not suffice to support the family. In order to supplement the family income, Hatkim talked with her husband to initiate activities. With the help of some well-wishers, she managed to open a small general store by sacrificing a room in her house. Her initiative made her children very excited and happy at the same time because her children felt the negative impact of living off of charity. Hatkim believes she will do well with her business because her children are so encouraging about the loan.

This will be her first loan and she will use the loan to stock goods in her store to sell, such as basic daily needs: sugar, tea leaves, batteries, soap, cooking oil, etc. She also decided to sell a recharge coupon for mobile users and will use some of the loan to set that up for her customers.

Likewise the rest of the members too need and requested a loan to start with their respective income-generating activities. They all hope that with this loan they may be able to improve their livelihoods and financial needs.

In this group: Thiemnu, Phalkhohat, Hatkim, Lhngchin, Hoichong
*not pictured



Loan details

Repayment schedule: At end of term
Disbursed date: December 1, 2012

Lenders and lending teams



Loan details

Repayment schedule: At end of term
Disbursed date: December 1, 2012