Ibecha is the member pictured with raised hand. She is 40 years old and is mother to a son and two daughters. Her husband is an army pensioner and now spends his time in poultry farming and raising ducks. In order to supplement the family income she started a business using her weaving expertise. She uses the handloom method of weaving.
With her first loan she employed two weavers for weaving. She produces traditional wrap-arounds with a design called “Rani Phi,” well known on the national market. It usually takes about 10 days to complete one wrap-around. Through the loan she actually produced 50 wrap-arounds to sell and earned a good profit. She helps her husband to buy poultry feeding requirements and supports her son in a tutorial class after the school hour. She is very happy with the progress she has made in her business.
Now Ibecha needs another loan to continue her weaving activities. She will use the loan to buy more yarns of different qualities and colours to weave and increase the production of traditional tribal wrap-around skirts for her business.
Likewise, the rest of the group members too needed the loan to upgrade their respective business undertakings. Sand sieving, jewellery business, weaving, and vegetable selling are the primary activities of the group members. As a group, the members meet every weekend for saving a fixed amount of INR 50 per member. In this way they function as a group.
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!