Ms. Yengkhokpam Prava Devi
- Success Stories from North-East for Women Empowerment -

PIB Feature *

NEDFi is also facilitating marketing support to the artisans of NER through exhibition participation and its various showrooms at Guwahati & Khetri in Assam, Imphal in Manipur, Aizwal in Mizoram, Namchi in Sikkim and Tawang in Arunachal Pradesh.

The showrooms at Guwahati, Khetri and Aizwal are under NEDFi's direct CSR support and the rest of the showrooms are setup in collaboration with various established NGOs/Societies of the locality.

7. Name: Ms. Yengkhokpam Prava Devi

Ms. Yengkhokpam Prava Devi is a 55 year old woman residing at Chingmeirong, Imphal East, Manipur.

She is a hard working woman who never gave up despite all odds in her life. She has total of 7 family members.

She is engaged in charcoal selling business. She bought the charcoal (bags) in whole sale rate and then packed in various small size bags and sell it in different prices.

She used to sell Rs. 4000/-to Rs. 5000/- per day and earn profit of Rs.400/-to Rs.500/- daily.

As the demand increased, she needed more fund to stock the charcoal. She borrowed Rs.10,000/- from local money lenders @7% interest per month.

After some time she found that major portion of the profit earned was used to repay the high rate interest loan and thus, she could not expand her business.

She got to know about VVD (an MFI assisted by NEDFi) based at Ukhrul district of Manipur and availed a loan of Rs.15,000/- in the first cycle.

Her daily sales increased from Rs.5,000/- to Rs.10,000/-and profit increased at the same time.

Based on her repayment track record, VVD extended Rs. 30,000/- in the 7th loan cycle.

With the timely support of such low interest rate loan she is now able to earn more profit which helped in meeting her family's daily needs and provide for her children's education and also able to save some amount every month.

From her experience she is very much satisfied with the loan amount, interest rate and repayment schedule.