Malem Nganbi Group
Tamu, who is seen in the picture with her hand raised, is the profiled member. She is 54 years old. She has two sons and a daughter. Her sons have already left school and are now engaged as drivers. Her husband runs a motor workshop. Because of all the financial hardships they are facing, her sons have taken up jobs as drivers for earning just meager wages. Tamu too wants to have a share in supporting the family but due to lack of capital she could not.
She received a loan for the first time in 2011. With the loan amount she was able to buy two piglets and raise them. After twelve months, one of the pigs gave birth to nine piglets. After some days of nursing them, she then sold away the piglets. She made a good earning out of it. With the second loan, she invested some portion of it in expanding her husband’s motor workshop and with the remainder, she bought chicks. The workshop was well run and she too was successful in her poultry farming. Since she was able to pay back the two previous loans, she can now access the third loan with which she wants to buy four or five piglets, raise them again like she did with the first loan and sell the full-grown pigs for profit.
Likewise, the other members of the group utilise the loans for poultry, piggery and weaving. They too have successfully managed the funds and made good earning from the loan. In gratitude, all the members of the group wish the lenders success in helping out the needy.
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!