A loan of $925 helped a member to purchase more store stock.

Luxmi Group's story

This is Luxmi group. It was formed in 2010 and consists of five members. These hard working women belong to the Meitei community. They live in a small village on the outskirts of Imphal East located in the state of Manipur in the Northeastern part of India.

Memcha is the profile member pictured with her hand raised. She is 31 years old and is a mother to two sons and a daughter. She lives with her children and husband who is a carpenter by profession but usually earns income for the family on a seasonal basis. All the children attended a private school nearby. Before taking a loan, she did weaving activities part-time. At the same time, she did sand sieving activities from time to time.

In 2010, with her first loan, she opened a small shop to earn income. She sells paan, cigarettes, soap, toy guns and eatables. With the second loan the following year, she expanded her shop by bringing in more new items to sell. With the help of her husband, she also started to sell fresh vegetables and included more grocery items such as oil, spices locally found, grain, potatoes, sugar, milk powder, chili, dry fish, dal etc. With the profit, she managed to repay her loan liability. She contributed INR 100 to the group savings on a monthly basis. Moreover, in order to save more, she joined a group of investors managed locally and invested INR 500 monthly. With the delay in loan disbursement by WSDS for the third phase, she used these savings to continue her business. She and her husband plan to re-establish her husband's carpentry business. She has been working very hard to sustain the family and providing education to her children is her only goal.

Now she needs another loan to continue with her supplementary income activities. She will use the loan to increase her stock to sell at her store to earn profits. She also wishes to use part of her loan to help her husband to start his carpentry activities.

Likewise, the rest of the group members too needed another loan to improve their respective income-generating activities. Tea hotel business, retailing traditional weaved products, and sand sieving are the activities the group members are engaged in.

In this group: Purnimashi, Bilashini, Tembi, Memcha, Geeta
*not pictured

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Loan details