Chiengkonpang K Group
Khuolneiting is one of the eight members of the group and is pictured with a raised hand. She is 51 years old and is a mother to two children. Her two kids are in college. Khuolneiting’s husband is a carpenter by profession. He builds houses and furniture around the area. Her husband’s activity could not be of much significance for supplementing the family income. Therefore, she decided to open a general store to help generate more income for the family. Khuolneiting sells general items such as pan, cigarettes, cereals, lentils, sugar, cold drinks, etc.
With her profits, she wants to expand her store by increasing her inventory. She is happy that she could now help her children in paying their college fees and educational expenses without depending on her husband. Now she manages the daily needs of the family with her income and saves her husband’s daily earnings down to a rupee. She also employs two people to help her in running the store. Khuolneiting, along with her husband, means to provide a good environment and create a sound family atmosphere for the children's education.
Now, she needs a solar loan for her store business. She wishes to install the 45-watt solar home lighting in her general store so that she could extend her business hours for a longer period after sunset. The light irregularity in her locality is a great hurdle for the income-generating people. More customers flock in after dusk to buy their daily essential needs, which means her business is more profitable past sunset.
Likewise, the rest of the group members also need a solar loan for their respective income-generating activities. Weaving, a variety store and a pan shop are some of the activities of the group members.
More information about this loan
This loan is part of WSDS' effort to promote solar energy and make it affordable for low-income households. It will be used to purchase a solar home lighting system and targets some of the most rural and remote parts of northeast India. These villages either do not have electricity at all or lack reliable electricity. By funding this loan, you are helping to provide lighting to households while also promoting green energy products and helping individuals reduce their energy expenses.
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!