Hatchaneo is the member pictured with raised hand. She is 45 years old and is a mother of two sons and a daughter. The children walk to a private school that is about one and half kilometers away. She never had the opportunity to go to school but as parents, she and her husband try their utmost effort to provide good education for the children. She means to enroll her oldest daughter in a nursing institute in the state next year. In order to reduce financial worries, she has been trying her luck from one trade to another.
With her first loan back in 2009, she managed to buy king chillies weighing 3 tons, which is equivalent to 1200 kilograms. She, along with her children, dried the chillies to repack for sale. The dried chillies can be preserved for a very long time. In this way, she has been selling chillies and managing the financial problems of the family. She is happy that her business has paid for the children's education.
Now she needs another loan to increase her business. The chilli plantation is usually harvested during the winter season. She will use most of the loan to buy more green raw chillies to dry and then sell for more profits once the chillies season ends and the selling price increases. She will use the lesser amount or about one-third of the loan for consumption purposes such as to buy new clothes for the children for Christmas.
Likewise, rest of the group members have been struggling to do good with their respective income generating activities. Poultry farming, pig rearing, meat selling, grocery store, retailing business, tea stall, etc., are some of the highlights of the members activities.
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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This loan has been fully funded!