New Saikul Women Shg Society Group
Because of her success, Veineineng bought a bench for her tea stall where she could accommodate her customers. But her dream was shattered when her tea stall was demolished by the government in order to construct a new market shed. Starting all over again with a new tea stall would require a rented shop, for which she needed a security deposit. So, Veineineng considered taking up poultry because she had raised a few chickens before in her yard. She used to raise pigs as well.
This Kiva loan will support her plan and hopefully it will be accomplished. She feels the urge to run a poultry farm because Veineineng believes that she can do well in poultry and expand her business. By availing a loan, she will fulfill her purpose by purchasing more chicks and starting a poultry farm.
The other members of the group are engaged in weaving, selling used clothes, running a piggery, and running a paan-dukan. They are cheerful while sharing their experiences and hopeful that WSDS will continue to be a guardian angel in the days to come.
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!