Deilhen Shg Group
Mary is one of the member in the group and she is the featured borrower member. She is pictured with her hand raised. She is engaged in a tailoring business and the town also acknowledges her work. Total dependence on her husband's income would surely bring them a huge debt with children's education fees and other expenses. She shares the family expenses by generating extra income from tailoring mosquito nets.
Managing family expenses and efficiently running the business is not easy with little profits. Demand is high but sometimes she fails to supply because she can't afford the capital expenditure to purchase a the whole roll of the cloth to make the nets. Customers usually bring the cloth material to stitch when she can't provide it. Then she gets paid only for the labour she spends on tailoring. This is the biggest drawback in her business and she is determined to overcome this issue.
With the Kiva loan, she will purchase cloth material in bulk and sew the nets. All the generated income will be accounted as hers. That way, she has more opportunities to expand her business. She will repay the loan on time and will surely expand her business and earn more income. She aspires to own a more advanced sewing machine in the future and also to hire an assistant to efficiently run the business. She thanks Kiva and WSDS for the wonderful work and says she will always remain grateful.
The rest of the group members are engaged in piggery, selling ice cream, and grocery, pharmacy and vegetable businesses.
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!